Full Description

Price does affect the consumer's need (demand) for a resource, according to a nationwide study of urban residential water demand in the U.S. A single-equation econometric demand model was derived from the data, which suggest that increasing need for a good or service is a direct function of low price. The authors believe that by using price as a tool, water utilities can regulate user demand, offset inflation, and discourage water waste. Includes 14 references, tables, figures.

Product Details

Edition: Vol. 72 - No. 8 Published: 08/01/1980 Number of Pages: 5 File Size: 1 file , 1.2 MB