Here is the question: A certain university issues parking permits to allow students to park on campus. The price of the permit is set by college administrators at any price they choose; they do not consider market conditions. At the current price, some students complain that there aren’t enough spaces for them to park.

1. Describe this situation in economic terms and describe what this implies about market equilibrium and the price of a parking permit.

2. Should the price of a permit be raised or lowered to fix this situation?

3. Use the supply and demand model to describe how a graph of the market for parking permits would be affected by a change in price. Do not submit a graph as part of your response, however.

facts: the 14th amendment

the 14th amendment addresses citizenship rights and equal protection of the laws.

the 14th amendment was intended to protect the rights of former slaves after the american civil war.

the 14th amendment was approved by congress in june of 1866 and ratified by the states on july 9, 1868.

the 14th amendment establishes that all persons born in the united states are citizens and are guaranteed all the rights of citizenship.

the 14th amendment establishes that the law protects all citizens equally.

in this case the passage of the 14th amendment   that was violated was the last part in which it states that there is equal protection of the law.

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modern american cars are not available due to trade restrictions

answerthe same historical circumstances;

c. 4, 3, 1 ,2. is correct

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