Many factors determine price. In this case determining factors may be at least rarity and need.
Every human needs water and 70% of our planet is covered with it.
Diamonds are exceedingly rare, especially gem-quality diamonds, which represent only 20% of all diamonds mined. No human 'needs' a diamond.
There is an inverse relationship between value of money and the price level. So if the value of money is low, then the price level is high or if the value of money is high, then the price level is low.
If the prive is too high there will be less business for the person selling. If the price is too low you won't be making much profit.
High.
The price of the supplies get higher.
The price of the supplies get higher.
Diamonds are a commodity that people usually buy as a luxury. Water is vastly more abundant than diamond, and so its price can be low.
Water is needed for survival although it has a low value. Diamonds are not needed for survival although it has a high value.
Diamonds form when they're under high pressure.
If you own the stock, it is good to have a high closing price. If you are short the stock or trying to buy the stock, then a low closing price.
They consider high and low tides in their journey because if it is high tide the water level will be high but if it is low tides the water level is low.
Natural black diamonds are rare. They are due to dark graphite inclusions. Their rarity makes them valuable. Most black diamonds are synthetic and made by heat treating low quality diamonds. The price of a synthetic black diamond is lower than that of white diamonds.
high-low
There is an inverse relationship between value of money and the price level. So if the value of money is low, then the price level is high or if the value of money is high, then the price level is low.
too high
major strategies used for pricing imitative and new products depends on two factors i.e. price and quantity The strategies are: Premium Strategy= when price charged is high and Quantity supplied is also high Good Value Strategy= when price is low and quantity is high Overcharging strategy= when price is high and quantity is low eg: Maruti Versa Economy strategy= When both price and quantity are low major strategies used for pricing imitative and new products depends on two factors i.e. price and quantity The strategies are: Premium Strategy= when price charged is high and Quantity supplied is also high Good Value Strategy= when price is low and quantity is high Overcharging strategy= when price is high and quantity is low eg: Maruti Versa Economy strategy= When both price and quantity are low
The defference in high selling price and a los selling price is that you aré only going to pay less money in low than you aré in the high........never 4get this can and sólo safe you life someday in math class....
Water do not have a low density.It has a comparatively high density.