Listen to Podcast or read the transcript: Freakonomics Radio Episode 258: Why Uber Is an Economist's Dream

https://freakonomics.com/podcast/uber-economists-dream/

The podcast is about 40 minutes.While listening to the podcast, consider the economic concepts associated with Uber.

Questions:

1. Identifytwo economic conceptsthat are portrayed in the podcast.
2. Useexamplesfrom the podcast to support the analysis.

Hints:

1. The post should include at least 2economic conceptsrelayed in the podcast.Consider things likesupply and demand (shifts and changes to quantity demanded and supplied), elasticity, and consumer surplus.
2. Also select a concept and link it to a specific passage from the podcast that illustrates the concept.