Question
General requirements for Exercises: Your market analysis should have the following structure. 1. Start with clearly specifying who the customer (demand) and producers (supply) are.
General requirements for Exercises: Your market analysis should have the following structure. 1. Start with clearly specifying who the customer (demand) and producers (supply) are. 2. Clearly explain what happens with each curve (demand, supply) and why. Provide a graphical analysis in tandem with explanation. 3. Explain what happens with the equilibrium price and quantity. Do not overcomplicate. Follow the instructions. Focus only on the events/shocks described in each case; do not go beyond what is indicated in the instructions.
The question is: In 2018, the ban of female driving was lifted in Saudi Arabia. There are several markets that have been affected by this decision. You need to pick only one market. Start with clearly identifying which market you will study. Conduct the market analysis to determine how the lifting of the ban has affected the market you chose. (For simplicity, assume no market frictions: women who want to get a driving license and qualify for it can obtain it immediately.)
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