Problem
Many local governments use parking meters on crowded downtown streets. However, the parking spaces along the street are typically hard to fi nd because the metered price is often set below the market price. Explain what happens when local governments set the meter price too low. Why do you think the price is set below the market- clearing price?
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.