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Sunday, 12 December 2010

U1 - Lincoln - free parking reduces welfare of town! Shock!

In this article, we see that Lincoln has offered FREE Parking to shoppers in the run up to Christamas.  The town lost it's annual Christmas market and seeks to encourage shoppers into the town.

Read the article above then answer the qusestion:

Using the article and your economic knowledge, evaluate the statrement that "measures to boost economic activitity are doomed to fail when they ignore market conditions".

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