Suppose You Observe That Fares Per Trip for the Uber

question 90

Multiple Choice

Suppose you observe that fares per trip for the Uber share-riding service increased when more commuters called the Uber service. Which of the following is the best possible explanation?

• A)The law of demand was violated.
• B)The law of supply was violated.
• C)The price of gasoline went up.
• D)People were irrational.
• E)Commuters did not have any choice.

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Definitions:

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