Michigan Has an Abundant Supply of Fresh Water

Multiple Choice

Michigan has an abundant supply of fresh water. However, an economist would consider it a scarce resource because:

A) water is necessary for human survival.
B) pollution will eventually destroy all life in the Great Lakes.
C) water is limited in supply relative to people's unlimited wants.
D) water commands a very high price.
E) the cost of supplying water is prohibitively high.