1. The California Water Shortage
., & Peter, D. (2013) showed that the water demand curve usually slopes downward because the marginal value of water used is first high and then slow down. The water supply curve slopes upward due to the increasing marginal cost as the quantities of water increases. ... A study from Wikipedia shows in recent years, the population of California has increased from 33.99 million in 2000 to 38.04 million in 2012, which naturally need much more water for everyday life and agriculture. ... The higher price will make people more conservation about using of water and thus cause a decrease in demand ...
- Word Count: 573
- Approx Pages: 2
- Has Bibliography
- Grade Level: High School