economics and research
2007-09-19 08:28:05 · 3 answers · asked by Anonymous in Social Science ➔ Economics
it has been a while since i took econ in college but i'll give it a shot: there will be less demand in the market for water at the higher price. because of this reduced demand for water today, there will be less consumed. so in the future there will be less chance of a shortage. refer to a supply/demand curve for a visual reference.
2007-09-19 08:39:03 · answer #1 · answered by earl2006 1 · 1⤊ 0⤋
Easy, the higher the price of water, the more prudent use of water is encouraged. This would then lead to more water overall for everyone in the future.
2007-09-19 08:31:40 · answer #2 · answered by Anonymous · 0⤊ 0⤋
You might start showering less often to save money. Maybe only flush your toilet daily :)
2007-09-19 08:37:28 · answer #3 · answered by jon_mac_usa_007 7 · 0⤊ 0⤋