The paradox of value is illustrated by the fact that
A) a pound of bread is cheaper than a pound of gold.
B) teens buy designer jeans.
C) if diamonds were free they would no longer be useful for engagement rings.
D) gold and diamonds occupy little space.

Question

Quizplus · Accepted Answer

The paradox of value, also known as the diamond-water paradox, highlights the difference between the high value of non-essential items like gold or diamonds and the low value of essential items like bread or water. A pound of bread being cheaper than a pound of gold exemplifies this paradox.

The Paradox of Value Is Illustrated by the Fact That