Economics 9708 · AS & A Level · Resource allocation in different economic systems

Resource allocation in different economic systems — practice question

What is likely to happen to bus travel in the market if an economy changed from a mixed economy to a market economy?

  • Aallowing companies to bid for bus routes
  • Bfree bus travel for school children
  • Cmaximum prices for bus travel
  • Dsubsidies to bus operators

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