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I'd offer this example as counterpoint: I would not sell my dog for less than a 5-digits sum, but if my neighbor kills my dog all I'm owed is the ~$50 that it w
by probably_wrong 3y ago
I'd offer this example as counterpoint: I would not sell my dog for less than a 5-digits sum, but if my neighbor kills my dog all I'm owed is the ~$50 that it would cost to get a similar dog from the pound.
The dog's price is $50. The dog's value is much higher. See also: family heirlooms.
- WalterBright 3y agoThe value to you is much higher. The value to someone else is $50. When two people agree on the value, an exchange takes place. That's how the Law of Supply & Demand works.