How does the water-diamond paradox, Microeconomics

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How does the water-diamond paradox

Problem

How does the water-diamond paradox explain why there is such a poor correlation between the price of a good and the total utility a person receives from it?

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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Microeconomics: How does the water-diamond paradox

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