Suppose that a toll of $15 is charged to drive on a road,regardless of the time of day.If this toll brings about equilibrium travel flows at the busiest time of day,it will create __________ at all other times of day.
A) equilibrium
B) a shortage of toll road space
C) a surplus of toll road space
D) b or c

Question

Quizplus · Accepted Answer

A toll that brings about equilibrium travel flows at the busiest time of day is likely to be too high for less busy times, leading to a surplus of toll road space as demand decreases.

Suppose That a Toll of $15 Is Charged to Drive