Question

“Price is not the same thing as value. Suppose that on a day the price of everything viz., coal, bread, postage stamps, a day’s labour, the rent of houses, etc. were to double. Prices then would certainly rise, but values of all things except one would not.” The writer wants to say that if prices of all things were doubled
A. the values of all things would remain constant.
B. the values of the things sold would be doubled.
C. the values of the things bought would be halved.
D. the value of money only would be halved.​

Answer 1

Answer:

a) the value of all things will remain constant

explanation :

yet there could be variations..but consider I gave you 100 rs..and you wish to buy a pen with it..your regular brand has a bit much cost than it used to be..but it's the only best pen you have used..you may buy another pen..which is a little bit cheaper..but you may doubt its capability..and consider the pen you wished to buy the better one..so the value of that pen is the same..though its price differs..

hope it helped:)

Answer 2

Answer:

Option- A

Explanation:

this is because the price has risen but not the values.If we increase the price of every thing that doesn't mean the value of that object is reduced or increased because the gold will remain gold and carbon will remain carbon.