1. Given the following market for ride-sharing services:

Microsoft Office Home x Mail - info myintelligentsolution.( x *Course Hero Question 4 - HW #4 - Market Equ X C A ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fnewconnect.mheducation.com%252F#/activity/question-group/kEZASsBkEPtGyUWbauh4ocSclQhLh-MIDCN_8YEHyp8vaoMI3a8_x... [ 17 # s Paused HW #4 - Market Equilibrium & Policy i Saved Help Save & Exit Submit 4 Given the following market for ride-sharing services: Supply and Demand II. GRAPH TO SETTINGS Reset points Price (per unit) Supply Print References X Demand Do Quantity (per unit of time) New Equilibrium Update The market is in equilibrium. Market price will not change. Suppose that there is a technological improvement that leads to an increase in labor productivity. Instructions: Use the interactive to model the effect of this change. What is the net effect on equilibrium price? |Decrease What is the net effect on equilibrium quantity? |Increase Grav Type here to search X O, 74'F Sunny ~ 6 11:30 AM 9/20/2022