What factors do you think make you more or less elastic, Microeconomics

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What factors do you think make you more or less elastic

Problem

Think of yourself as a consumer of Uber or Lyft.

A. How elastic or inelastic are you for the demand for a car ride? Does depend? Explain and provide examples.

B. What explains your elasticity and how why is it different from other people - family friends etc.

C. What factors do you think make you more or less elastic?

D. What about the price elasticity of supply? (Think of yourself as the Uber driver.

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Microeconomics: What factors do you think make you more or less elastic

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Microeconomics: What factors do you think make you more or less elastic

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