Price P2 D11pm. T 8 am $ is Freeway Space fer to Exhibit 5-1, which shows supply and demand for freeway space at both 8 a.m. and 11 p.m. Suppose that the government decides to set the oney price of driving on the freeway at zero, but creates programs that encourage drivers to carpool. If the carpooling program is sufficiently ccessful to eliminate the shortage of freeway space at 8 a.m., graphically the result of the increase in carpooling would be a a. movement up along D8a.m. to the point where D8a.m. intersects the supply curve. b. rightward shift of the supply of freeway space curve. c. leftward shift of the demand for freeway space curve from D8a.m. to D11p.m. d. leftward shift of the supply of freeway space curve.

Price P2 D11pm. T 8 am $ is Freeway Space fer to Exhibit 5-1, which shows supply and demand for freeway space at both 8 a.m. and 11 p.m. Suppose that the government decides to set the oney price of driving on the freeway at zero, but creates programs that encourage drivers to carpool. If the carpooling program is sufficiently ccessful to eliminate the shortage of freeway space at 8 a.m., graphically the result of the increase in carpooling would be a a. movement up along D8a.m. to the point where D8a.m. intersects the supply curve. b. rightward shift of the supply of freeway space curve. c. leftward shift of the demand for freeway space curve from D8a.m. to D11p.m. d. leftward shift of the supply of freeway space curve.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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