How does the 2015 mandated 25% cut on water supply to local agencies, imposed by the...
How does the 2015 mandated 25% cut on water supply to local agencies, imposed by the California government, affect consumers?
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It reduces consumer surplus. |
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It increases consumer surplus. |
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It reduces producer surplus. |
|
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It increases producer surplus. |
Homework Answers
Option A
- Due to a severe drought in California, the government mandated the reduction in the amount of water supplied by 25%.
- Even though this decreased the reckless use of water by the people of california it led to a welfare loss all over the state.
- This statewide reduction in water usage by 25% led to a loss in consumer surplus.
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whether the country imports or exports t-shirts. You will also
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