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Other Fields Homework Help Economics Topic started by: enrique_sanchez on Aug 20, 2018



Title: The fact that the price of diamonds is higher than the price of water
Post by: enrique_sanchez on Aug 20, 2018
The fact that the price of diamonds is higher than the price of water
A) cannot be explained by behavioral economics or consumer choice theory.
B) is an outcome of irrational behavior in consumer choice theory.
C) can be explained only by behavioral economics but not by consumer choice theory.
D) can be explained as the outcome of a consumer optimum in consumer choice theory.


Title: The fact that the price of diamonds is higher than the price of water
Post by: Dessa Douglas on Aug 20, 2018
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Title: The fact that the price of diamonds is higher than the price of water
Post by: enrique_sanchez on Aug 20, 2018
Tremendous help, I just double-checked it with my friend :D