Suppose That a Toll of $15 Is Charged to Drive

question 35

Multiple Choice

Suppose that a toll of $15 is charged to drive on a road, regardless of the time of day. If this toll brings about equilibrium travel flows at the busiest time of day, it will create __________ at all other times of day.

• A)equilibrium
• B)a shortage of toll road space
• C)a surplus of toll road space
• D)neither a shortage of toll road space nor a surplus of toll road space

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Definitions:

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Prehistoric Societies

Human communities that existed before the advent of written records, studied through archaeology and other disciplines.

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Ancient Greek Physician

A reference to medical practitioners from ancient Greece, often considered pioneers in the field of medicine, such as Hippocrates.