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Cecilia has studied economics and knows about the value and investment potential of diamonds. The price of
diamonds has recently decreased, and a new
necklace while the prices are lower.
diamond mine has opened nearby. Cecilia decides to buy a diamond
How did Cecilia's knowledge of economics help her make a savvy commodity purchase?
• She knew that diamonds are popular and in high demand.
O She knew that diamonds are
a nonrenewable resource, making them scarce.
O She knew that the cost of diamonds depends only on the demand.
She
knew that the purchase of diamonds will satisfy wants and needs.

Sagot :

Samuelonum1idn

Cecilia knew that diamonds are popular and in high demand, hence option A is the correct answer.

The economics of Value and Investment.

The definition of value investing is the ability to identify a commodity of a good that has the potential to sell at a higher price value compared to the amount they are currently trading at.

In summary, it involves buying at a lower price and selling at a higher price.

Learn more about value investing here:

https://brainly.com/question/6786326

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Baileybear1030idn

Answer:

A

Explanation:

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