Question

Cecilia has studied economics and knows about the value and investment potential of diamonds. the price of diamonds has recently decreased, and a new diamond mine has opened nearby. cecilia decides to buy a diamond necklace while the prices are lower. how did cecilia’s knowledge of economics help her make a savvy commodity purchase?

Answer 1

Cecilia's economics expertise helped her make a wise commodities purchase because she recognized that buying diamonds would satisfy her desires and needs.

What prompted Cecilia to purchase the diamonds?

When the cost of diamonds falls, so does the cost of creating a diamond necklace, and so does the price of a diamond necklace.

In addition, the supply of diamonds would grow as a result of the new diamond mine's opening. Making a diamond necklace would be expensive as a result of this.

Thus, diamonds would satisfy her desires and needs.

For further details about prompted Cecilia to purchase the diamonds, click here:

brainly.com/question/26731909

#SPJ1

Answer 2

Answer:

D) She knew that the purchase of diamonds will satisfy wants and needs

Explanation: