Question
for households, tap water is a necessity with no alternatives. If the water company increases the cost of water bills, people would keep buying the
for households, tap water is a necessity with no alternatives. If the water company increases the cost of water bills, people would keep buying the service. Is the demand for tap water elastic? Is it fair for the local company to regulate tap water rather than letting the free market set prices?
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Economics
Authors: Roger A. Arnold
11th edition
1133561675, 978-1133561675
