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-Refer to the Above Figure

Question 447

Multiple Choice

-Refer to the above figure. All of the following are true concerning the diamond-water paradox EXCEPT A) the demand for water exceeds the demand for diamonds. B) the price of diamonds exceeds the price of water. C) since the price of diamonds is high, demand is great. D) marginal utility of diamond consumption is relatively high.
-Refer to the above figure. All of the following are true concerning the diamond-water paradox EXCEPT


A) the demand for water exceeds the demand for diamonds.
B) the price of diamonds exceeds the price of water.
C) since the price of diamonds is high, demand is great.
D) marginal utility of diamond consumption is relatively high.

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