Q. Diamonds are priced higher than water because - Study24x7
Social learning Network
study24x7

Default error msg

Login

New to Study24x7 ? Join Now
Already have an account? Login
3608 followers study24x7 30 Aug 2019 03:47 PM study24x7 study24x7

Q. Diamonds are priced higher than water because

A

consumers do not buy them at lower prices

B

they are sold by selected firms with monopolistic powers.

C

their marginal utility to buyers is higher than that of water

D

their total utility to buyers is higher than that of water

study24x7
Write a comment
Related Questions
500+   more Questions to answer
Most Related Articles