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?
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.
<h3><em>The answer will be C.Mr. Dussel accuses Mrs. Van Daan of being less fair than Mrs. Frank. During the wartime people tend to blame each other. It’s scare that causes them to do actions which they don’t. They also accuse each other for things they have done like.’ Hey you didn’t go to clean up the bowls after dinner, it was your job and Sargent even said it. They tend to blame and accuse each other rather then solving the problem.</em></h3>
