QUESTION: Surge pricing is the practice of raising prices during periods of increased demand, sometimes for just

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QUESTION: Surge pricing is the practice of raising prices during periods of increased demand, sometimes for just a few hours at a stretch. Suppose that users of rideshare services, such as Lyft and Uber, persuade Congress to ban surge pricing when emergencies are declared. How will this policy affect the number of people who can use ridesharing in times of crisis?

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Principles Of Microeconomics

ISBN: 9780393679199

3rd Edition

Authors: Dirk Mateer, Lee Coppock

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