City Council Scenario: Your local community is experiencing high prices for water usage. Identify one supply or demand shifting factor that the community could have some control over or do something about. Which curve would this shift and in which direction? Explain how this can achieve the goal of decreasing the price of the water. 150-400 words

Economics by Geoffrey

City Council Scenario: Your local community is experiencing high prices for water usage.

  • Identify one supply or demand shifting factor that the community could have some control over or do something about.
  • Which curve would this shift and in which direction?
  • Explain how this can achieve the goal of decreasing the price of the water.

150-400 words