Hey there! Sign in to join this conversationNew here? Join for free
    • Thread Starter
    Offline

    16
    ReputationRep:
    The supply and demand curves for train tickets between two towns is: Qd = 20,100 - 50P Qs = 100P .

    If the government refuses the train company to increase the ticket price, how will this affect the curve? Will there be any shifts? What other effects arise from this? I think this will lead to negative externality and market failure perhaps but I'm unsure. I am self-teaching myself econ at the moment, thanks.
 
 
 
  • See more of what you like on The Student Room

    You can personalise what you see on TSR. Tell us a little about yourself to get started.

  • Poll
    Brussels sprouts
  • See more of what you like on The Student Room

    You can personalise what you see on TSR. Tell us a little about yourself to get started.

  • The Student Room, Get Revising and Marked by Teachers are trading names of The Student Room Group Ltd.

    Register Number: 04666380 (England and Wales), VAT No. 806 8067 22 Registered Office: International House, Queens Road, Brighton, BN1 3XE

    Quick reply
    Reputation gems: You get these gems as you gain rep from other members for making good contributions and giving helpful advice.