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SunnieeCA SunnieeCA
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2 years ago
The paradox in "the paradox of value" refers to the

▸ fact that goods with low total values command low prices.

▸ confusion between supply curves and demand curves.

▸ fact that goods with high total values command high prices.

▸ situation where a good with a low total value commands a high price, while a good with a high total value commands only a low price.

▸ situation where a good with a low total value commands a low price, while a good with a high total value commands a high price.
Textbook 
Microeconomics

Microeconomics


Edition: 17th
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omolola69omolola69
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2 years ago
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