The government decides to use neutral economic efficiency to allocate the scarce 6 water resources. 1 kgal is given to urban and 1 kgal is given to ag. The remainder is allocated by a water market where the price per kgal is $1. What would be the allocation of water in this scenario?

You are a team of marketing consultants. it is 2008 and the great recession has struck. one of your clients is whole foods market (sometimes known as whole paycheck). wfm has come to you and asked for strategic advice on how to adapt their product and pricing strategies in light of the economic downturn: 1. advise wfm on the various approaches that could be taken to reducing price. be sure to consider potential psychological impact of price reductions on wfm consumers. 2. based on the options outlined in part 1, recommend an approach and support with marketing theory.