Business, 23.11.2019 02:31 SoUpsup

In 2003–2004, much of the western u. s. experienced a drought condition. for example in denver, water usage was restricted. yet even though most people used less water, the price of water did not drop. in fact, when the drought was over, the water company actually raised water prices. still, residents of denver did not use less water. water is
a. price inelastic.
b. price elastic.
c. price sensitive.
d. price insensitive.
e. unitary elastic.

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In 2003–2004, much of the western u. s. experienced a drought condition. for example in denver, wate...

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