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Qn 1. "The pricing of water must reflect the fact that it is a scarce and strategic resource. Total demand for water will grow … We should … try to limit the rate of increase so that we can postpone the need for more expensive sources of water. Pricing is an important and effective mechanism to get consumers to conserve water." a) What are the economic consequences of increasing the price of water? (10) Distinction Essay:
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Access to Prelim papers:
