Economics tells us that as the supply of a commodity shrinks the value it brings is more. This is the law of marginal utility. It also explains us a lot of the demand side of the famous supply-demand curve. I was reading about the 1976-77 drought in the Marin County here in California and how the residents had to cut back on the water usage by as much as 65%. This made me think that at times we take our water supplies for granted.
Marin Municipal Water District
California Drought Preparedness
No comments:
Post a Comment