What accounts for the fact that before Uber's arrival, there were typically enough taxis available for everyone who wanted one on good weather days, but not enough available on bad weather days?

How does Uber's surge pricing solve the problem? Assess Kalanick's claim that the price is set to leave as few people possible without a ride.

Use a supply and demand diagram to illustrate how Uber drivers can cause prices to surge by taking coordinated breaks. Why is this strategy unlikely to work in New York, a large citv with an established fleet of taxis?