Photo Case Study
Part 2: The Market System
1. From an economist's perspective, what is wrong...
Business, 12.03.2021 01:00 munaizsiddiqui
Photo Case Study
Part 2: The Market System
1. From an economist's perspective, what is wrong with the way the advert has been
written?
2. What is the person advertising here?
3. Is the reference to low cost airport transfers telling us that the firm owning the
fleet of vehicles have acquired them for these prices or are we being told that the
price of getting to the airport for passengers is as advertised? Explain,
4. How might an economist reword the advert to make it clearer (and more accurate)
what is being advertised?
5. How does this image highlight the working of the free market?
Answers: 3
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