If Tolls on a Toll Road Can Be Raised Significantly

question 29

Multiple Choice

If tolls on a toll road can be raised significantly before commuters will consider using a free alternative, then an increase in tolls will result in

• A)a decrease in total revenue.
• B)a decrease in non-toll road usage.
• C)an increase in total revenue.
• D)an increase in toll road usage.

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Definitions:

Variance

A statistical measure of the dispersion of data points in a data set, indicating how far each data point is from the mean.

Population

In biology, it refers to all the organisms of the same group or species who live in a particular geographical area and are capable of interbreeding.

Monozygotic Twins

Twins that result from the division of a single fertilized egg and share all of their genetic material, often referred to as identical twins.

Similar

Having likeness or resemblance, especially in terms of qualities or characteristics.