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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

Respuesta :

Answer:

The price elasticity of demand

Explanation:

you need to know how high the demand is for the toll road.

The additional information that would be needed in order to determine if the toll should be increased or decreased is the price elasticity of demand.

  • The price elasticity of demand is required in this case as it shows the change that affects the consumption of a product due to the fact that there was either an increase or a reduction in the price.

  • In this case, since the toll road wasn't making as much toll revenue as predicted, then this could be because there was an increase in the price of the toll road.

  • In such case, the additional information that's needed will be the price elasticity of demand.

In conclusion, the correct option is D.

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