Business, 14.10.2020 14:01 StupidFatChipmunk

An article in Forbes noted that the Intercounty Connector toll road that connects two counties in Maryland was not generating as much toll revenue as predicted. At that time, the toll rate was $8 for a passenger car making a round trip from end to end on
the tollway during rush hour.

What additional information would you need to know in order to determine if the toll should be increased or decreased?

A. The price elasticity of supply

B. The income elasticity of drivers using the tollway

C. The number of vehicles using the tollway per day

D. The price elasticity of demand

Answers: 2

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An article in Forbes noted that the Intercounty Connector toll road that connects two counties in Ma...