Assignment title:
Discuss the economic impact of the increase in UK season train ticket prices.
We are looking for answers which include economic analysis with the aid of diagrams, and with reasonable points academically argued. Students who show evidence of further relevant research into the market for rail travel should be able to achieve a high level in the research and analysis section of the marking criteria.
Points which may be included:
Analyse the data in the article on rail season ticket fares, and research the latest train ticket prices.
Applying supply and demand theory to the case study, explain how higher season ticket prices will affect the market equilibrium.
How the change in season ticket prices will affect the commuter’s consumption more generally.
These effects should be illustrated with the use of diagrams.
Explain the meaning of elasticity of demand, and elasticity of supply and discuss the relevance of both to the market for rail travel.
These should be illustrated with the use of diagrams
What Students Are Saying About Us
.......... Customer ID: 12*** | Rating: ⭐⭐⭐⭐⭐"Honestly, I was afraid to send my paper to you, but splendidwritings.com proved they are a trustworthy service. My essay was done in less than a day, and I received a brilliant piece. I didn’t even believe it was my essay at first 🙂 Great job, thank you!"
.......... Customer ID: 14***| Rating: ⭐⭐⭐⭐⭐
"The company has some nice prices and good content. I ordered a term paper here and got a very good one. I'll keep ordering from this website."
