Landlords have been known to place bricks in the water, Ask an Expert

Economics

Landlords have been known to place bricks in the water tanks of toilets to economize water when price rises. Therefore, bricks are substitutes for water in this context. True or False, explain.

I feel like it is false because bricks are not a good in this context...I am really confused.

Also, I need help clarifying this statement: I understand the first part but not the bolded...

If half of our forests were destroyed in a fire, the value of the remaining lumber would be greater than the value of all lumber in the country before the fire. This absurdity - that the whole is worth less than the half - shows that values are distorted in a market economy.

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91521578

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