• AWWA JAW3871
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AWWA JAW3871

  • Journal AWWA - Can Prices Tame the Inflationary Tiger?
  • Journal Article by American Water Works Association, 08/01/1980
  • Publisher: AWWA

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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.

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