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Think of yourself as a consumer of Uber or Lyft 1. How elastic or inelastic are you for the demand for a car ride ?
Think of yourself as a consumer of Uber or Lyft 1. How elastic or inelastic are you for the demand for a car ride ? Does depend ? Please explain and provide examples 2. What explains your elasticity and how why is it different from other people - family friends etc. 3. What factors do you think make you more or less elastic ? 4. .What about the price elasticity of supply ? ( Think of yourself as the Uber driver
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