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5) Most students at Langara College drive to classes everyday, other modes of transportation are available. Students pay $100 for a semester's pass that allows

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5) Most students at Langara College drive to classes everyday, other modes of transportation are available. Students pay $100 for a semester's pass that allows them to park in any one of the 500 parking stalls. There are always students waiting in the parking lot for spaces to open up. Students are always complaining about how difficult it is to find a spot. Illustrate the parking situation supply and demand curves. Is this market in equilibrium? Explain and include a graph. The Director of Parking Services has asked you to help him solve this problem. What would you suggest

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