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Singapore has a system of traffic regulation called Electronic Road Pricing, in which traffic congestion is reduced by charging motorists who drive into the city center during certain hours of the day. Charging for use of a road is shifting from a third-part-payer -market to one in which individual consumers have to pay for their consumption of road usage, thus seeking to reduce excess demand. Why?

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91795951

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