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Harrizon [31]
4 years ago
10

Assume that the local government in Smithville reduces the level of government regulations on the local taxi cab market. Taxis a

re no longer required to carry certain safety equipment, drivers no longer need special drivers licenses, etc. How will the market for taxi cab rides be impacted?
Social Studies
1 answer:
shusha [124]4 years ago
8 0

Answer: Supply will increase and the equilibrium price will decrease.

The influx of taxi drivers will significantly increase because there's no longer regulation that will prevent people from becoming taxi drivers. This will make supply exceed demand thereby the equilibrium price of taxi fare will decrease.

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3 years ago
Michael is an adolescent whose parents have always expected him to become a lawyer. Without considering any other options throug
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Answer:

The correct answer is: Foreclosure.

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7 0
3 years ago
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Mashutka [201]

Senate and house of representatives

5 0
4 years ago
Consider the case of long distance telephone service. In country X there are 20 providers of long distance telephone service in
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The answer is A. Country X will have higher growth potential than country Y.

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Due to the increased competition in country X the introduction of new technologies by the competing service providers will lead to a higher grwoth potential.

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3 years ago
Which of the following areas was not a part of the cotton belt? A) Charleston. B) New Orleans. C) Louisiana. D) New England
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D. New England

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