Transport Economy
ASSIGNMENT 01 (SEMESTER 2)
2nd SEMESTER 2023
Assignment 01
Due date: 18 August 2023
Question 1
1.1 Identify and discuss the reasons why transportation in the economy is important. (5)
1.2 Discuss the economic impact the 2022 floods experienced in KZN (KwaZulu Natal) has had on
transport economics in South Africa. (15)
1.3 Explain in detail what is meant by short term equilibrium in a market that is characterised by
perfect competition and illustrate your answer by referring to the relevant graph. (5)
Total: [25]
, Remember to paraphrase your work to avoid plagiarism….
Find your answer in the next page.