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Students at Informed University Pay $40 Per Year for a Parking

Question 156

Multiple Choice

Students at Informed University pay $40 per year for a parking permit but many complain that they are unable to find a parking place in University lots.In terms of equilibrium, this suggests that:


A) student incomes are too low.
B) parking permits are underpriced.
C) parking permits are overpriced.
D) the University should make parking free.

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