=+Ubers entry into the market reduces the quantity of rides demanded from taxis by 30% at every
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=+Uber’s entry into the market reduces the quantity of rides demanded from taxis by 30% at every price, shifting the demand curve leftward. Assume that New York City politicians respond by imposing a regulated price of $2.50 per mile. Calculate consumer surplus, producer surplus, and total surplus for the taxi market after Uber has entered the market.
c. After
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