The paradox of value notes that:
A.
there is no rational explanationwhy people should set a high value onobjects such as diamonds, which havelittle real usefulness.
B.
supply and demand curves dovery litle to explain how value (orprice) is determined.
C.
no one consumer has any controlover the price (or value) ofacommodity, but consumers collectively do have such control.
D.
there is no consistent relationshipbetween the total utility obtainedfrom any commodity and the pricecharged for it.