Question

Drivers in Atlanta can choose to use toll lanes on I-75. The toll changes during the day depending on congestion and traffic flow. Toll lane resources are determined using the ________ method.

Answer 1

Answer:market price

Explanation:Market price is the amount a product or service can be bought or sold for. You can find market price when supply meets demand. To find market price, balance supply and consumer demand. When supply and demand shift or fluctuate, market price can also change.

Example of Market Price and Changes

The interaction between buyers and sellers is what changes the market price. For example, assume that Bank of America Corp (BAC) has a $50 bid and a $50.01 offer. There are ten traders wanting to buy BAC stock; this represents demand.