Multiple Choice
In the paradox of value between expensive diamonds and inexpensive water,we see that
A) the consumer surpluses are very high for both goods.
B) diamonds have a low consumer surplus while water has a high consumer surplus.
C) diamonds have a high consumer surplus while water has a low consumer surplus.
D) the consumer surpluses are very low for both goods.
E) the consumer surpluses for the two goods cannot be compared.
Correct Answer:

Verified
Correct Answer:
Verified
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