What does a price elasticity of -0.68 with respect to water

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Question 1- Calculate the water consumption (average daily rate, maximum daily rate, maximum hourly rate, and fire flow rate) for a town of 10000 people in semi-arid area with limited water supply resources. As it is an old urban area, the buildings do not have good resistance against fire. Almost more than 90% of the individual buildings in this city have an area less than 200 m2 and the largest building complex is about 1000 m2 . The only industry in town, a wool and textile mill with a production of 100 tons per month, has its own water supply. What will be the design rate of water distribution system in the study area? If there are data missing, make your own assumptions and give your reasons for them.

Question 2- Why are distribution pipes not sized according to maximum hourly demand plus fire flow instead of maximum daily demand plus fire flow?

Question 3- What does a price elasticity of -0.68 with respect to water demand mean? Would pricing strategy be a good method to manage the water demand !?

Reference no: EM133290374

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