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why price of diamond is so …

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why price of diamond is so high and water is soo low ?? please ....explain

Posted by Karishma Kandoi 7 years, 9 months ago

CBSE > Class 12 > Economics

5 answers

Karishma Kandoi 7 years, 9 months ago

thanks kunal ?

Kunal Gorwani 7 years, 9 months ago

Daimonds are rare of sight as they are available in very low quantities due to their nature of being in existence after millions of years. As they are low in quantity and their demand is way higher than its supply, they are priced high. Whereas water in today's time is available in ample(not for long enough) , so it is priced low in comparison to diamonds.

Priya Dubey 7 years, 9 months ago

Because water is essential for living

Kunal Malhotra 7 years, 9 months ago

Because water is easily available but dimond is not easily available

Sukhwinder Kaur 7 years, 9 months ago

Difference b/w

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