Will raising the price really make people give up looking for parking and go home? I've actually done this before, on account of parking being too much of a p

Will raising the price really make people give up looking for parking and go home? I've actually done this before, on account of parking being too much of a pain or too expensive. It is, however, a "fool me once" scenario, since I'll now only go to the city for business, not pleasure (nor business-pleasure, like company holiday parties).