The Diamond-Water Paradox Occurs Because

question 236

Multiple Choice

The diamond-water paradox occurs because

• A) the price of a product is related to its total utility, not its marginal utility.
• B) the price of a product is related to its marginal utility, not its total utility.
• C) water is, in fact, very scarce in certain regions of the world.
• D) diamonds are more useful than water.

---

Definitions:

Long-Term Connection

A relationship or partnership between individuals or entities that is intended to last for an extended period.

Cumulative Discounts

Discounts that increase with the quantity purchased over time, providing incentives for larger or repeated orders.

Push Marketing Strategy

A promotional strategy where businesses "push" their products or services onto consumers by using aggressive advertising and sales tactics.

Digital Marketing

The promotion of products or brands via one or more forms of electronic media.