Examine the arguments for and against use of price mechanism


Problem

1. Examine the arguments for and against the use of the price mechanism as a means of overcoming traffic congestion at places such as the Severn Bridge.

2 During the Christmas shopping period of 1989 British Rail received some criticism when it increased its fares into certain cities on Saturday mornings in order to reduce overcrowding on trains. In what ways could this policy be criticised, and are these criticisms justified?

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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Microeconomics: Examine the arguments for and against use of price mechanism
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