Quote:
Originally Posted by CorsiHockeyLeague
The price of parking is regulated? Why does it differ so much from lot to lot even if they're near each other.
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Supply of parking is regulated, it is limited by the city which drives the price up. Therefore price is a function of demand only and increasing taxation comes out of profits for from the owner of the lot rather than being able to be passed on to the consumer. The lot owners are only making that profit because of the market distortion caused by the supply being regulated.