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Author Question: The paradox of value with respect to water and diamonds can be explained using consumer surplus because (Read 85 times)

luminitza

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on: May 24, 2019
The paradox of value with respect to water and diamonds can be explained using consumer surplus because
◦ water is cheap but provides a large consumer surplus, while diamonds are expensive with a small consumer surplus.
◦ diamonds are in large supply relative to their demand, while water is scarce in supply relative to its demand.
◦ water is cheap but provides a small consumer surplus, while diamonds are expensive but provide a large consumer surplus.
◦ the total consumer surplus from diamonds is greater than the total consumer surplus from water.
◦ None of these answers is correct.
Foundations of Microeconomics ¦ Bade, Parkin ¦ 8th Edition
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Marked as best answer by luminitza on May 24, 2019

jointhecircus

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Reply #1 on: May 24, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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luminitza

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Reply #2 on: May 24, 2019
Thanks


jointhecircus

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Reply #3 on: May 24, 2019
Welcome :)


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