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Analysis of a Public Park's Amenities
A city builds a large public park with wide-open green spaces, walking trails, and ten new tennis courts that are free to use on a first-come, first-served basis. For the first few months, the park is rarely crowded. A visitor can always find an empty tennis court, and the trails are spacious. As the park's popularity grows, visitors in the evenings and on weekends find that all tennis courts are consistently occupied, with people waiting for a court to become available. The walking trails also become very crowded, making it difficult to walk at a consistent pace. Based on this scenario, analyze the park's tennis courts as a specific type of good. In your analysis, explain how the nature of the good changes from the initial months to the later, more popular period.
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Analysis of a Public Park's Amenities
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