In the Paradox of Value Between Expensive Diamonds and Inexpensive

question 84

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.

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Expletive Construction

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Extravagantly Changed

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