According to Economist Richard Gill in the Video Presentation,the Experience

Multiple Choice

According to economist Richard Gill in the video presentation,the experience of Marin County residents during the drought of the 1970s shows that

A) scarcity is not as much of a factor in determining price as economists once thought.
B) people tend to be very careful in their use of scarce resources.
C) price has more impact on total utility than on marginal utility.
D) when there is no substitute for a resource its demand is high.
E) the total utility of water rises as it becomes less available.