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13 November, 06:15

Which of the following best represents the misallocation of resources that would occur under a price ceiling on bottled water following a major hurricane?

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  1. 13 November, 08:14
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    A family in a distant state gives bottled water to its dog, but a family in the hurricane area cannot find bottled water to drink.

    Explanation: Hurricane is a natural phenomenon which occurs as a result of violent storms developing and accumulating in a given area, Hurricane can be very devastating destroying lives and properties. the most misallocation of resource considering the options is when a dog in A family in a distant state gives takes bottled water, but a family in the hurricane area cannot find bottled water to drink.
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