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Dynamic pricing model

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Ride hailing services utilize a dynamic pricing model. Using supply and demand tools (you don't have to actually show the graphs... but they may help you on scratch paper) illustrate how microeconomics explains the shifts in pricing and how it describes the real world scenarios of trying to get a ride at various times of the day. Be sure to consider the morning and evening commute, in addition to the weekend hours.

Reference no: EM131103951

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