Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The images below is the article of my homework, please check out and help me answer the questions below: 1.) Please help me explains and

image text in transcribedimage text in transcribed

The images below is the article of my homework, please check out and help me answer the questions below:

1.) Please help me explains and analyse the question below

According to the article, Victorian sate government is not happy with the situation and is moving to ' cap Uber surge pricing '

You are a student who needs to manage my time between your part-time job and your demanding studies. you do not have much time to wait around for public transport and as a typical student nor have a big budget to pay fancy fares for your taxi rides.

Do you agree with the Victorian government proposal to cap Uber prices as a " consumer protection mechanism " ? explain why or why not ?

image text in transcribedimage text in transcribed
The Victorian government hasagged its intention to cap Uber's controversial surge pricing in the state following high fares during the recent train network shutdown. Chaos ensued when Meiboame 's entire train nettvark was taken down by a computer maifunctian during the evening peak time on 13 J 1113:. Uher '5 prices quickiy surged and reached nearly four times the normal price as commuters looked for alternative ways to get home. Uber ariiises a \"dynamic \" pricing model, with fare prices increasing during popular times. Tire company says this is to encourage more drivers to hit the roads to meet this demand, but the tactic has been criticised for exploiting people during natural disasters or emergencies.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

E Marketing

Authors: Raymond Frost

7th Edition INTERNATIONAL EDITION

0132953443, 978-0132953443

More Books

Students also viewed these Economics questions