Discussion
A December 13, 2012, article in the Los Angeles Times, "Colorado River Water Supply to Fall Short of Demand..." highlighted the concern regarding the ability of the Colorado River, the primary source of water for the greater Los Angeles area residents, to fulfill the needs as the river continues to decrease in water flow. What happens to water prices if the supply of water, a natural resource, is fixed each year while demand continues to increase due to population growth? Can you find and describe similar examples around the world with other natural resources?