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. Suppose that the government decides to set the money price of driving on the freeway at zero, but creates programs that encourage drivers to carpool. If the carpooling program is sufficiently successful to eliminate the shortage of freeway space at 8 a.m., graphically the result of the increase in carpooling would be a
A) rightward shift of the supply of freeway space curve.
B) leftward shift of the demand for freeway space curve from D8a.m. to D11p.m.
C) movement up along D8a.m. to the point where D8a.m. intersects the supply curve.
D) leftward shift of the supply of freeway space curve.
Correct Answer:
Verified
Q28: Exhibit 5-1 Q29: University A sets tuition at the equilibrium Q31: Good weather in cities such as San Q32: Exhibit 5-2 Q34: Exhibit 5-1 Q35: The demand for seats in 10 a.m. Q36: The space on the freeway is fixed Q36: Exhibit 5-1 Q37: When congestion occurs on the freeway (because Q38: Exhibit 5-1 Unlock this Answer For Free Now! View this answer and more for free by performing one of the following actions Scan the QR code to install the App and get 2 free unlocks Unlock quizzes for free by uploading documents![]()
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