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Chicago requires taxi drivers to purchase a special license. How does this affect the market for taxis? Group of multiple answer choices It will reduce
Chicago requires taxi drivers to purchase a special license. How does this affect the market for taxis?
Group of multiple answer choices
It will reduce the demand for taxi drivers
It will reduce the number of taxi drivers but will not affect the price of taxi rides
It will increase the price of taxi rides but will not affect the number of taxi drivers
It will reduce the supply of taxi drivers
It will not affect the supply or demand for taxi drivers
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