Water shortages can be most efficiently eliminated even in times of drought if the market is allowed to adjust freely water can be moved from where it is plentiful to where it is needed most government intervention occurs to regulate water usage the price is low enough for everyone to have all the water they want
Water shortages can be most efficiently eliminated even in times of drought if the market is allowed to adjust freely water can be moved from where it is plentiful to where it is needed most government intervention occurs to regulate water usage the price is low enough for everyone to have all the water they want
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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