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

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
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Can you explain this please
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
Transcribed Image Text: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
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