Friday, July 31, 2015

Rationing water in CA

This article from CNN reports that Gov. Brown calls for 'voluntary "20% conservation of our water use"'. It might be a good way to introduce rationing in courses. It could also spur discussion about why we typically rely on governments instead of free markets to supply water in most localities. Finally, it might be the basis for a good question: "What percentage price increase reduces water usage by 20%?"

label = elasticity

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