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Management · Q467

Managerial Economics

Graduate and Post Graduate · Management · question 467

Q467

Adam Smith spoke about the famous diamond water paradox to show that

A.
Utility could be the cause of value
B.
Utility is related to demand
Answer
C.
Utility is related to supply
D.
Utility could not be the cause of value

Answer: Option B

Solution

Answer: Option B
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