Question: For your senior thesis, you polled your classmates, asking them, How much would you be willing to pay to double the amount of parking on

For your senior thesis, you polled your classmates, asking them, “How much would you be willing to pay to double the amount of parking on campus?” Based on their responses, you estimated that your fellow students were collectively willing to pay $12million to double the amount of on-campus parking. What are some problems with this type of analysis?

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