Explain which drivers will choose to pay the tolls

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Reference no: EM133300896

Question: In Virginia, there exist tolled traffic lanes for cars whose drivers are willing to pay a toll based upon supply and demand. During certain peak load traffic periods, the tolls on these lanes may exceed $30 (as opposed to a zero price for the more crowded lanes nearby where there are no tolls). Use economic analysis to predict/explain which drivers will choose to pay the tolls.

Reference no: EM133300896

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