Traffic Congestion Can Be Controlled by Charging Fees for the Use

question 88

Multiple Choice

Traffic congestion can be controlled by charging fees for the use of roadways.The fees vary with the demand for roadways at different hours of the day.It is usually very high during the business hours and low at other times of the day.This form of pricing strategy is referred to as:

• A)price gouging.
• B)peak-load pricing.
• C)marginal use pricing.
• D)second-degree price discrimination.

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Definitions:

Abstinence Syndrome

A group of symptoms that occur upon sudden withdrawal from substances to which the body has become dependent, including drugs or alcohol.

Withdrawal Illness

Withdrawal illness refers to the physical and mental symptoms experienced by individuals who cease or reduce the intake of addictive substances to which they have become dependent.

Physical Dependence

A physiological state in which the body adapts to the presence of a drug or substance, leading to withdrawal symptoms when that substance is reduced or ceased.

Psychological Dependence

A condition in which an individual feels a compelling emotional need for a substance or behavior, despite potential negative consequences.