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Business, 15.06.2021 03:30 lillygon81

Uber is a tech company that connects its mobile phone app users who have a trip request with nearby Uber drivers who use their own cars. Because of its low cost and time efficiency, it has become a very popular means of transportation among college students. As new semester begins, many students have returned to Boston from their home. Analyze the effects on the Boston Uber market. 1. What happens to equilibrium price?
2. What happens to equilibrium quantity?

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