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
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Can you explain this please

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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