Choose the correct answer from the following options regarding the paradox of value arises when people ___. Prefer to buy cheap goods rather than expensive goods Spend more on expensive useless goods than on cheap useful goods Buy so much of a useful good that its price falls Get the same marginal utility per dollar from cheap useful goods and useless expensive goods.

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Chapter 13, Problem 7MCQ

To determine

Choose the correct answer from the following options regarding the paradox of value arises when people ___.

Prefer to buy cheap goods rather than expensive goods
Spend more on expensive useless goods than on cheap useful goods
Buy so much of a useful good that its price falls
Get the same marginal utility per dollar from cheap useful goods and useless expensive goods.

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