The paradox in "the paradox of value" refers to the
◦ fact that goods with low total values command low prices.
◦ confusion between supply curves and demand curves.
◦ fact that goods with high total values command high prices.
◦ situation where a good with a low total value commands a high price, while a good with a high total value commands only a low price.
◦ situation where a good with a low total value commands a low price, while a good with a high total value commands a high price.