In a given community,if the government builds more freeways,then the supply curve for freeway space shifts rightward and the demand curve for freeway space shifts leftward.

Question

Quizplus · Accepted Answer

Building more freeways would increase the supply of freeway space, which would lead to a decrease in the market price for freeway space. This means that the quantity demanded for freeway space would increase and the quantity supplied would decrease. Therefore, the demand curve would shift rightward and the supply curve would shift leftward, not the other way around.

In a Given Community,if the Government Builds More Freeways,then the Supply