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    Exam 5: Supply,demand,and Price: Applications
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    To an Economist,freeway Congestion Is a Sign That the Price
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To an Economist,freeway Congestion Is a Sign That the Price

Question 11

Question 11

Multiple Choice

To an economist,freeway congestion is a sign that the price to drive on the freeway is


A) below its equilibrium level.
B) at its equilibrium level.
C) above its equilibrium level.
D) either a or c
E) none of the above

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