There is no toll charge to drive on freeway A. If there is freeway congestion at 9:00 am, there will be greater freeway congestion at 11:00 am ifa. the demand to drive on the freeway is same at both timesb. the demand to drive on the freeway at 9:00 am is greater thatn the demand to drive on the freeway at 11:00 amc. the demand to drive on the freeway at 11:00 am is greater than the demand to drive on the freeway at 9:00 amd. none of the abovee. more people carpool at 11:00 am than at 9:00 am
There is no toll charge to drive on freeway A. If there is freeway congestion at 9:00 am, there will be greater freeway congestion at 11:00 am ifa. the demand to drive on the freeway is same at both timesb. the demand to drive on the freeway at 9:00 am is greater thatn the demand to drive on the freeway at 11:00 amc. the demand to drive on the freeway at 11:00 am is greater than the demand to drive on the freeway at 9:00 amd. none of the abovee. more people carpool at 11:00 am than at 9:00 am
Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter5: Elasticity
Section: Chapter Questions
Problem 29CTQ: A city has build a bridge over a river and it decides to charge a toll to everyone who crosses. For...
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There is no toll charge to drive on freeway A. If there is freeway congestion at 9:00 am, there will be greater freeway congestion at 11:00 am if
a. the
b. the demand to drive on the freeway at 9:00 am is greater thatn the demand to drive on the freeway at 11:00 am
c. the demand to drive on the freeway at 11:00 am is greater than the demand to drive on the freeway at 9:00 am
d. none of the above
e. more people carpool at 11:00 am than at 9:00 am
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