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Expanding a heavily congested freeway by adding new lanes increases roadway supply, while the lower travel times generate additional demand. The traffic generated by this
Expanding a heavily congested freeway by adding new lanes increases roadway supply, while the lower travel times generate additional demand. The traffic generated by this demand results in congestion and increased travel times. This is an example of what? Group of answer choices Peaking Induced demand Cross-price elasticity of demand Socially optimal demand
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