engageBrain My Home O Aplia: student ouestion x MindTap-cengage Learnin l f sand
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engageBrain My Home O Aplia: student ouestion x MindTap-cengage Learnin l f sandy Roge takeout quiz probGuid QMpucoA80 000000219 do 10040000&ctx; anzalonj 0011&ck; 4.1459690091352 1352.0AAA6BT The following graph shows the supply of space on a commuter freeway and the demand for freeway space during rush hour and during off peak hou Market for space commuter freeway FREEWAY SPACE lf there is no toll on the freeway at any eme, then there sail be freeway space during off peak hovrs and of freeway space during rush Nove assume there is a tol on the freeway. Whkh of the folowing tot prices wil nsure that there is not a shortage (excess demand) space of freeway during rush hour? Check an that appy. soExplanation / Answer
(1) If there is no toll, there will be 3 units of free space during off-peak & 0 units of free space during rush hours.
(2) Required toll price = $3 [Vertical distance between the off-peak & rush hour demand curves = $7 - $4]
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