If Parking Spaces on a College Campus Are Scarce, with Quantity

question 18

Multiple Choice

If parking spaces on a college campus are scarce, with quantity demanded during the "peak" hours, from 8 a.m. to 11 a.m., far greater than the number of spaces, an economist would propose as an efficient solution,

• A)lowering the parking fees during those hours to compensate students for the longer search time.
• B)charging the same parking fees during all hours of the school day.
• C)raising parking fees during the peak hours to encourage some students to schedule classes during other hours when parking fees are lower.
• D)hiring more security guards to patrol for illegal parkers.