Think about the market for parking spaces in downtown LA. There is little flexibility in terms of changing the number of parking spaces provided. On the other hand, there are many substitutes for parking in the city such as taking the train or parking just outside the city and taking a bus.   a. Please draw the market for parking spaces in downtown LA.         b. If a tax is applied on parking spaces, what happens to the quantity?   c. Who pays most of the tax burden?

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