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Download 2018 BT2 Suggested Answers PDF by ['Nathaniel Tan'] in PDF format completely FREE. No registration required, no payment needed. Get instant access to this valuable resource on PDFdrive.to!
About 2018 BT2 Suggested Answers PDF
The document provides suggested answers to economics questions on Uber and the taxi industry. 1. It summarizes the key points needed to explain how surge pricing addresses excessive ride requests for Uber by reducing shortage. 2. It outlines the analysis required to explain why some taxi drivers quit for Uber, including the use of cross elasticity of demand and analyzing costs and revenues and subnormal profits. 3. It lists possible impacts of Uber's introduction on standard of living, including both material impacts like cheaper fares and job creation, and non-material impacts like pollution and congestion.
Detailed Information
| Author: | ['Nathaniel Tan'] |
|---|---|
| Publication Year: | 2020 |
| Pages: | 10 |
| Language: | English |
| Format: | |
| Price: | FREE |
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