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 11 p.m.?

Name: 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 11 p.m.?
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Question

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At 11 p.m., the demand for freeway space is lower, and the supply remains constant, which means no toll (0) is needed to create equilibrium as the demand naturally meets the supply without the need for price adjustments.

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