The price to drive on a freeway is $0 at all times of the day. This price establishes equilibrium at 3 a.m. but is too low to establish equilibrium at 5 p.m. There is a shortage of freeway at 5 p.m.
(a) Graphically show &explain how carpooling may eliminate shortage.
1
Expert's answer
2020-02-11T09:29:44-0500
The carpooling and implementing the charge using the road will decrease the quantity demanded (number of cars), which may eliminate the shortage and create new equilibrium.
Numbers and figures are an essential part of our world, necessary for almost everything we do every day. As important…
APPROVED BY CLIENTS
Finding a professional expert in "partial differential equations" in the advanced level is difficult.
You can find this expert in "Assignmentexpert.com" with confidence.
Exceptional experts! I appreciate your help. God bless you!
Comments
Leave a comment