--%>
Assignment Help - homework help

Policy proposals influencing market for parking

How would your policy proposals influence the market for parking?

E

Expert

Verified

Analysis of the different proposals in a demand and supply framework exhibits some popular policies, such as free permits, would worsen the parking shortage. Policies to limit demand can decrease the shortage, though there will be inefficiencies in the resultant allocation. Building more parking lots is not a shift in the supply curve. Latest construction is a rise in quantity all along the existing supply curve. The additional costs require to be covered by certain means: higher parking fees, tuition raises, or tax-payer subsidies.

   Related Questions in Macroeconomics

  • Q : Difficulty of scarcity People in whole

    People in whole the world confront the difficulty of scarcity at always because: (i) restricted resources and times preclude producing all the goods people need. (ii) greedy capitalist monopolies charge excessively high prices. (iii) international mar

    		•
  • Q : Surplus of the good Describe when there

    Describe when there will be a surplus of the good?

    		•
  • Q : What is Equilibrium quantity

    Equilibrium quantity: It is the quantity supplied and the quantity demanded at equilibrium price.

    		•
  • Q : GDP In calculating the GDP national

    In calculating the GDP national income accountants:

    		•
  • Q : Decisions at the Margin The least

    The least apparent illustration of how decisions are generally ‘at the margin’ would be: (i) Purchasing an additional novel after learning that all paper-backs at Borders are on sale for 25 percent off. (ii) Tossing a 6-year old cousin to the deep end of t

    		•
  • Q : Econ question No need apa format no

    No need apa format no need introduction and conclusion Only answer question being ask, thanks

    		•
  • Q : Total revenue when price modify When

    When total revenue to a firm is unaffected by small price modifications, then demand is: (i) Relatively price elastic. (ii) Relatively price inelastic. (iii) Unitarily price elastic. (iv) Vertical. (v) Horizontal. Can someone help

    		•
  • Q : FX Rates & The Balance of Payments The

    The Financial Account captures international fund flows due to

    		•
  • Q : Market experiencing a rise in demand

    When equilibrium moves from point a to point b in the figure shown below, the only market experiencing a rise in demand is illustrated in: (1) Panel A. (2) Panel B. (3) Panel C. (4) Panel D.

    Q : Elasticity of brain power When doubling

    When doubling your viewing of soap operas to 16 hrs per week reasons your IQ score to drop/fall from a mastermind level of 140 to a sluggish 70, your TV elasticity of brain power will be: (i) + 1.0. (ii) zero. (iii) – 1.0. (d) +0.5. (e) -0.5.

    		•