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"Education is the most powerful weapon which you can use to change the world”
– Nelson Mandela

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Worksheet 1

Worksheet 1

Q Who provides “demand” in the ride share service? Who provides “supply”? What role does the company Uber play in coordinating supply and demand? Using the laws of supply and demand, explain what happened to price following a sold-out concert. Using the laws of supply and demand, explain what happened to supply and demand when Uber’s system failed on New Year’s Eve.

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Openings of App appear to be quite a good representation of those who are involved in the Uber service market and hence provide a very good measure of demand in the ride