water demand water generation for households price of relevant inputs price of water   What theory is this economic phenomenon? Demand or Consumption utility theory

Economics (MindTap Course List)
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Chapter19: Elasticity
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What is the dependent and independent variable when the household-level annual demand of water is modeled?

water demand

water generation for households

price of relevant inputs

price of water

 

What theory is this economic phenomenon?

Demand or Consumption utility theory

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