More expensive parking leads to greater turnover in cars parked in front of the businesses
Why this is right
This answer is the only one that speaks to something that would have changed or be different, since the parking fees were raised. The parking fees made parking more expensive, and more expensive parking leads to greater turnover in cars parked in front of businesses. Can we think about how greater turnover in cars parked out front (i.e. cars are parked in those spots for a shorter average period of time) would lead to restaurants making more money? There are two possible angles they may have intended here: 1. If people who wanted to go to Restaurant X are often stymied by a lack of available parking, then they would just give up and find another place to eat. Once the parking rates go up and cars are vacating these parking spots more frequently, it could lead to there being more opportunities to park in front of Restaurant X, so more customers can choose to dine there. 2. If you’re eating at Restaurant X and you parked at a meter that charges $4 / hr, then you’re probably going to try to hurry up your meal. Maybe you only pay for 1 hour of parking and finish up your meal swiftly, whereas in the old days when the parking was cheaper, you may have paid for 90 mins of parking and had a more leisurely meal at the restaurant. The more people restaurants can get in and out of their restaurant, the more money the restaurant can make. So if a restaurant’s patrons shorten their average stay from 90 minutes to 60 minutes, then the restaurant will have the capacity to serve more customers per day and thus make slightly more money.
Skill tested: Paradox · how this choice captures the argument's function is the move to repeat next time.