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Economics In The news By Milton Granger Where Have All the Cabbies Gone at Rush Hour? It seems that New Yorkers have had a hour of work altogether. To be equitable, the peculiar, long-standing dilemma-taxicabs 5 p.m. compromise was instituted instead. disappear by the hundreds right before the In spite of decades of complaints, the 5 p.m. afternoon rush begins. This happens shortage of cabs at rush hour remains. One automatically no matter what time of attempt to encourage more drivers to work year or day of the week it is. The tradition during the afternoon rush was made bythe city continues in apparent disregard for the law in 2004. A $1 surcharge on cab fares between related to the supply and demand of cabs. 4 and 8 p.m. was imposed to attempt to Between 4 and 5 p.m., which is when the provide a higher availability of cab drivers cabs change shifts, whole fleets of empty during that time. In addition, there is a cabs head for the taxi garages, which are rising trend of cabs owned by drivers who now across the East River instead of the coordinate their shift changes in Manhattan West Side of Manhattan. Crossing the to help lessen the impact of the 5 p.m. lack bridge can slow down the cab drivers trying of cabs. to make it to their shift changes in time and To date, the Taxi and Limousine avoid being fined for being tardy. Commission is still considering options The taxicabs have to be used by two drivers for providing available cabs in the late a day, each one working a 12-hour shift. The afternoons, but scheduling to include all 4 to 5 p.m. shift change ensures that each parts of the city is daunting. Therefore, the cab driver gets the benefit of a rush hour. If tradition remains a perennial phenomenon the shift change happens earlier at 2 p.m., of New York in spite of desperate office the next driver would start his shift in the workers' demand for transportation at the early morning hours, missing a good rush end of their workday.Using information from "Economics in the News", complete the supply curve graphs. 1) Show the cab market at 2:30 pm Q 2) Show the cab market at 4:30 pm P