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If I Use 1,000 Gallons of Water a Month at a Price

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Essay

If I use 1,000 gallons of water a month at a price of $.01 a gallon, is my consumer surplus likely to be large or small?
Explain.


Definitions:

Major Organic Product

The main substance produced in the highest quantity from an organic reaction.

Reaction

A process in which substances (reactants) interact to form new substances (products) with different properties.

Organic Chemistry

The branch of chemistry that studies the structure, properties, composition, reactions, and preparation of compounds that contain carbon.

4-methyl-1-pentanol

An organic compound and a type of alcohol, known for its application in solvents and intermediates in the synthesis of other compounds.

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