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1.8 The market mechanism, market failure and government intervention in markets

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Question 11

Extract C: Managing Domestic Water Scarcity

"Universal water metering could substantially reduce average daily consumption by pricing water as a scarce resource, yet it risks pushing low-income families into water poverty and compromising essential hygiene."

Using the extract and your knowledge of economics, assess whether universal water metering should be introduced for all households.

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1.8 The market mechanism, market failure and government intervention in markets Questions

  1. A Level
  2. /Economics
  3. /1.8 The market mechanism, market failure and government intervention in markets