In 2008, when gasoline hit $4 a gallon, motorists complained, but they didnt complain about $18 for
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In 2008, when gasoline hit $4 a gallon, motorists complained, but they didn’t complain about $18 for 16 ml of HP ink ($4,294.58 per gallon).
Explain why the prices of printer ink and gasoline might provide an example of the paradox of value.
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ANSWER The paradox of value also known as the diamondwater paradox refers to the apparent contradiction that certain goods despite their practical imp...View the full answer
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