The paradox of Diamond is more costly than water is explained by

June 8, 2021 – by admin

Question:

The paradox of Diamond is more costly than water is explained by

A.

Marginal utility concept

B.

Scarcity

C.

Relative cost of production

D.

All the three

Answer» b. Scarcity

Note:

The above multiple-choice question is for all general and Competitive Exams in India.