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on March 13, 2015
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California has about one year of water left
Agricultural and home use are inelastic, but irrigation of suburbs and similar luxury uses are not.
ars
on March 13, 2015
[–]
Irrigation of lawns is a tiny percentage. Agriculture is definitely elastic! If water prices go up, they just plant less.
Then people in other places grow food instead. It's a slow change, but it's certainly elastic.
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