Question
Human beings need water to live. Diamonds, in contrast, are a luxury. Yet the market price of water is quite low, and the market price
Human beings need water to live. Diamonds, in contrast, are a luxury. Yet the market price of water is quite low, and the market price of diamonds is quite high. Why?
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Macroeconomics Principles Applications and Tools
Authors: Arthur O'Sullivan, Steven Sheffrin, Stephen Perez
9th edition
978-0134089027, 134089022, 978-0134420684
