Which of the following will cause an increase in the equilibrium volume of trade in the market for Uber ridesharing in San Diego, holding all other factors fixed, ceteris paribus? (check all that apply) Lyft increases the price it charges for ridesharing. There is an influx of tourists. Due to the COVID recession, household incomes in the area have gone down. Uber rides are a normal good. A new law that allows rideshare drivers to unionize and charge higher wages is passed.
Which of the following will cause an increase in the equilibrium volume of trade in the market for Uber ridesharing in San Diego, holding all other factors fixed, ceteris paribus? (check all that apply) Lyft increases the price it charges for ridesharing. There is an influx of tourists. Due to the COVID recession, household incomes in the area have gone down. Uber rides are a normal good. A new law that allows rideshare drivers to unionize and charge higher wages is passed.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Which of the following will cause an increase in the equilibrium volume of trade in the market for Uber ridesharing in San Diego, holding all other factors fixed, ceteris paribus? (check all that apply)
Lyft increases the price it charges for ridesharing.
There is an influx of tourists.
Due to the COVID recession, household incomes in the area have gone down. Uber rides are a normal good.
A new law that allows rideshare drivers to unionize and charge higher wages is passed.
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