which of the following is TRUE, according to Adam Smith, with respect to the water-diamond paradox?

A. water is waned but not needed

B. Diamonds are needed but few have a desire for them.

C. The use value of diamonds is greater than their scarcity value

D. The scarcity value of water is less than the scarcity value of diamonds

E. Goods whose demand declines when income increases - The scarcity value of water is less than

the scarcity value of diamonds

How do economists define inferior goo...
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