Business, 22.07.2019 23:20 aaronlikly

Assume that the local government in smithville reduces the level of government regulations on the local taxi cab market. taxis are 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? supply will increase and the equilibrium price will decrease. supply will decrease and the equilibrium price will increase. supply will increase and the equilibrium price will increase. demand will increase and the equilibrium price will increase. supply and demand will be unaffected and the equilibrium price will not change.

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Assume that the local government in smithville reduces the level of government regulations on the lo...

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