Question

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

Answer 1

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.