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Microeconomics

13th Edition
Roger A. Arnold
ISBN: 9781337617406

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BuyFindarrow_forward

Microeconomics

13th Edition
Roger A. Arnold
ISBN: 9781337617406
Textbook Problem

If the driving population increases in an area and the supply of freeway space remains constant, what will happen to freeway congestion? Explain your answer.

To determine

The freeway congestion.

Explanation

The increase in the driving population where the supply of freeway space remains constant implies an increase in the demand for the freeway. Assume that there is no change in the toll or other factors those affect driving. This implies that the increase in demand for driving in a freeway space would worsen the freeway congestion...

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