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In Box3.10 Uber's dynamic pricing algorithm is discussed with a focus on the adjustment of prices during peak demand ('surge pricing'). In Chapter2 we have
InBox3.10Uber's dynamic pricing algorithm is discussed with a focus on the adjustment of prices during peak demand ('surge pricing'). InChapter2we have also discussed price adjustments using the economist's toolbox of supply and demand curves. Can you explain Uber's 'dynamic pricing' in terms of shifts of these curves?
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