About this document

ECO101 8 SBA Presentation Average Fall2025 by Samia Ibnat Anika is a document available to read on EtoBox.

Ride-sharing apps increase prices during rain or peak hours due to excess demand, where more passengers request rides than available drivers. The short-run supply of drivers cannot adjust quickly, leading to an imbalance that results in higher fares. Surge pricing helps restore market balance by discouraging some passengers and motivating drivers to come online or relocate to busy areas.

Author

Samia Ibnat Anika

Language

EN