On the Basis of the Carmageddon Study, Which of the Following

question 70

Multiple Choice

On the basis of the Carmageddon study, which of the following statements is (are) TRUE about adding another traffic lane to a highway?
I. Partial equilibrium analysis predicts that traffic flow will increase, since drivers will have more usable road space.
II. General equilibrium analysis predicts that traffic flow will remain unchanged, as more businesses and people move to the area.
III. Partial and general equilibrium analysis reach the same conclusion-expanding roadways reduces traffic congestion.

• A) I
• B) II
• C) III
• D) I and II

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