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During the holiday season, shoppers descend on this store en masse, ready to buy if the price is fair. The producers of every item try to predict what the shoppers want and what theyll pay. Supply and demand what sets the price . Economic analyst richard gill and i will examine that on this edition of economics usa. Im david schoumacher. Rarely have americans had to worry about water. They take it for granted because its plentiful, available, and cheap. But for what water does, there is no substitute. What would it take to show how much water is really worth . 1975 marked the beginning of one of californias worst droughts. Its a semiarid state with a gigantic agricultural industry, dependent on water from its snow pack and winter rains. But in the fall and winter of 1975, winter rains and snow did not come. Accustomed to dry spells, californians showed little concern. But that winter wore on with no rain or snow, and soon, what was great weather for some began causing problems for othe ....
Why would so many pay so much for so little . During the holiday season, shoppers descend on this store en masse ready to buy if the price is fair. The producers of every item try to predict what the shoppers want and what theyll pay. Supply and demand what sets the price . Economic analyst richard gill and i will examine that on this edition of economics usa. Im david schoumacher. Rarely have americans had to worry about water. They take it for granted because its plentiful available, and cheap. But for what water does, there is no substitute. What would it take to show how much water is really worth . 1975 marked the beginning of one of californias worst droughts. Its a semiarid state with a gigantic agricultural industry, dependent on water from its snow pack and winter rains. But in the fall and winter of 1975 winter rains and snow did not come. Accustomed to dry spells californians showed little concern. But that winter wore on with no rain or snow and soon, what was great weather ....