Which Is False Regarding the Issues Surrounding the Use of Colorado

question 22

Multiple Choice

Which is false regarding the issues surrounding the use of Colorado River water?

• A) The 1999-2008 drought is more severe than any seen in the historical record.
• B) The Colorado River system is at 50% of capacity.
• C) It would take 13 winters with normal snow pack to "reset" the Colorado River system.
• D) Arizona's population grew 200% from 1990-2007, while Las Vegas grew 490% from 1985-2007.
• E) Recent efforts have focused exclusively on reducing demand for water.

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Definitions:

Industry Supply

The total quantity of a good or service that producers in an industry are willing and able to sell at different price levels.

Firm's Output

The total quantity of goods and services produced by a company over a particular period.

Perfectly Inelastic Supply Curve

A perfectly vertical supply curve; quantity supplied remains constant no matter what happens to price.

Elastic

A characteristic of a good or service with a demand or supply that significantly changes in response to price changes.