Suppose a professional basketball game is to be played at a suburbansuburban arena, which increases demand for parking on the night of the game. if the suburbansuburban area has thethe ability to create additional parking during periods of peak demand, then

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Business

Octavio Anthony

12 May, 07:05

Suppose a professional basketball game is to be played at a suburbansuburban arena, which increases demand for parking on the night of the game. if the suburbansuburban area has thethe ability to create additional parking during periods of peak demand, then

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Janet Maynard · Answer 1

If the local area is able to supply the extra needed parking then the price they can charge will increase for the night the game is taking place as the demand has increased and the supply can be expected to fill up regardless of the increase in price.