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In a small city, Uver, a new ride service, has become very popular with the younger generation. The inverse demand for Uver rides is given
In a small city, Uver, a new ride service, has become very popular with the younger generation. The inverse demand for Uver rides is given by =70.0012 , where is the number of rides demanded and is the market price per ride. The inverse supply of rides is given by =30.00+4 . The local government in this small city is concerned that young people will walk less, which will have a negative effect on their health. The government is, therefore, considering charging Uver drivers a tax of $10.00 per ride. 1st attempt Part 1 (1 point) If no tax is put in place, the equilibrium price is $ per Uver ride. Part 2 (1 point) With the tax in place, the price paid by buyers per Uver ride will increase to $ . Part 3 (1 point) With the tax in place, the after-tax price per ride received by Uver drivers will be $
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