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Is the traditional taxicab an endangered species?
Source: Council for Economic Education (EconEdLink) | Type: Interactive Tool
Increasingly popular ride-sharing services have attracted customers at a rate that some say endangers the cab industry. Economics correspondent Paul Solman reports on the new surge of unregulated competition on the road.
October 2, 2014 at 6:25 PM EDT
Grades:
Concepts:
- Competition
- Demand
- Determinants of Supply
- Elasticity of Demand
- Equilibrium Price
- Law of Demand
- Quantity Demanded
- Quantity Supplied
- Regulation
- Supply
Standards:
- Economics 7: Markets - Price and Quantity Determination
- Economics 8: Role of Price in Market System
- Economics 9: Role of Competition
Related Resources:
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