Considering the economic definition of scarcity, would you say parking in Los Angeles is scarce? Why or why not?
I’m looking for 3-4 thoughtful paragraphs for your initial post (not just “Not if you know where to look” or “Parking–what’s that?”) framed in terms of what you have learned about scarcity. Any response that seems to quote too extensively from your text OR from any internet discussion of scarcity or parking will receive NO points.
Please think like an economist (it’s never too early to start…)