Economics 9708 · AS & A Level · Maximum and minimum prices

Maximum and minimum prices — practice question

What would make it more likely that road tolls will cut traffic congestion?

  • ACross-elasticity of demand between private and public transport is zero.
  • BDemand for car use is income-elastic.
  • CDemand for car use is price-elastic.
  • DSupply of public transport is price-inelastic.

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