Recent regulatory blowback against Uber, Lyft and other ridesharing services around the world have reignited the ongoing regulatory policydebatesurrounding the ride service in India, Uber's second biggestmarketin terms of cities where it operates. Most prominently, India's government recentlyenacted legislationthat allows major cities to arbitrarily set limits how much ride service companies such as Uber can charge riders during peak times.

(a) What happens if an Indian government opts for a price ceiling strategy? Explain with the help of graph.

(b) In what situation Indian government can opt for price flooring?

(c) What type of taxes can be implied on Uber so that Indian Government can get benefit from that?