An Analysis of the Effect of Price on Residential Water Demand: Metropolitan Miami, Florida

Abstract

The economic development of any area is tied to its natural resource base. Water, one of the most important of these natural resources, is used for a multitude of purposes including crop irrigation, human consumption, food processing, generation of electricity, transportation, recreation and waste disposal.Municipal water use is essential in the development of any state. Florida is no exception. One of the first considerations in development of an area's water resources is that of furnishing municipal water for commercial, industrial, residential and public uses.