A Significant Increase in the Toll Rates on a Major

question 18

Multiple Choice

A significant increase in the toll rates on a major turnpike leads to an increase in the

• A) number of vehicles using the turnpike.
• B) demand for vehicle and food services provided by the turnpike service areas.
• C) demand for toll booth attendants.
• D) supply of turnpikes in the same region.
• E) demand for travel on parallel, nontoll roadways.

---

Definitions:

Supply Partnerships

Long-term agreements between companies and their suppliers to work together for mutual benefit, often leading to improved efficiency and reduced costs.

Reciprocity Arrangements

Agreements between two or more parties to exchange goods or services with each other, often under mutually beneficial terms.

Mutually Beneficial Objectives

Goals or aims shared by two or more parties that provide advantages to all involved.

Supply Partnership

A strategic relationship between a buyer and supplier designed to achieve specific business objectives by maximizing the effectiveness of each participant's resources.