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