Uber Versus Taxis,economics homework help

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PART I: TAXIS VERSUS UBER – SUBSTITUTES OR COMPLEMENTS?

From the question above provide 2 Reasons why you are arguing whether Uber is a substitute or complement for Taxis – briefly rationalize why using concepts related to cross elasticity.

PART II: IS UBER A NORMAL OR INFERIOR GOOD?

From the question above provide 2 Reasons why you are arguing whether Uber is a normal or inferior – briefly rationalize why using concepts related to income elasticity.

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