Exhibit 5-1

-Refer to Exhibit 5-1, which shows supply and demand for freeway space at both 8 a.m. and 11 p.m. Which toll creates equilibrium at 8 a.m.?

Question

Exhibit 5-1
 
-Refer to Exhibit 5-1, which shows supply and demand for freeway space at both 8 a.m. and 11 p.m. Which toll creates equilibrium at 8 a.m.?

Quizplus · Accepted Answer

The toll that creates equilibrium at 8 a.m. is determined by the intersection of the supply and demand curves for freeway space at that time. The alphanumeric code in option A likely represents a specific toll value or mechanism that aligns with the equilibrium point on the graph provided in the exhibit.

Exhibit 5-1 -Refer to Exhibit 5-1, Which Shows Supply and Demand for Supply