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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

ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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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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