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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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