Question
Consider how supply and demand operates in a real-world situation with the ride-share company, Uber.Read the article The Effects of Uber's Surge Pricing: A Case
Consider how supply and demand operates in a real-world situation with the ride-share company, Uber.Read the article "The Effects of Uber's Surge Pricing: A Case Study"(Links to an external site.) and provide written responses for the 5 prompts that will follow.
- Who provides "demand" in the ride share service?
- Who provides "supply"?
- What role does the company Uber play in coordinating supply and demand?
- Using the laws of supply and demand, explain what happened to price following a sold-out concert.
- Using the laws of supply and demand, explain what happened to supply and demand when Uber's system failed on New Year's Eve.
The Effects of Uber's Surge Pricing: A Case Study:
https://drive.google.com/file/d/0B1s08BdVqCgrOHdwaGlEVVMwa1E/view
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Public Administration And Law
Authors: David H Rosenbloom, Rosemary O'Leary, Joshua M Chanin
3rd Edition
1439803986, 9781439803981
