Critical Thinking 1: The diamond-water paradox

I don’t understand this Economics question and need help to study.

Directions:

Your essay is required to be two to three pages in length, which does not include the title page and reference pages, which are never a part of the content minimum requirements.

Support your submission with course material concepts, principles, and theories from the textbook and external reliable sources. Use the Saudi Digital Library to find your resources.

Use Saudi Electronic University academic writing standards.

The assignment is graded ZERO if Plagiarism percentage exceeds 20%.

Review the grading rubric to see how you will be gradedfor this assignment.