The university hopes to raise more revenue by increasing parking fees.This plan will work only if:
A.the price effect is larger than the quantity effect.
B.the price effect is smaller than the quantity effect.
C.the price effect and quantity effect are the
D.same.there is no price or quantity effect.

Question

Quizplus · Accepted Answer

The Answer of The university hopes to raise more revenue by increasing parking fees.This plan will work only if:
A.the price effect is larger than the quantity effect.
B.the price effect is smaller than the quantity effect.
C.the price effect and quantity effect are the
D.same.there is no price or quantity effect.

The University Hopes to Raise More Revenue by Increasing Parking