Finding Balance: Market Equilibrium and Price Discovery
Student Worksheet
During an unexpected subway strike, QuickRide's algorithm preemptively raises fares in affected areas before wait times spike, drawing on weather and transit-delay data added after its 2021 launch. Wait times fall 40% and driver earnings rise 25% against static-fare weekends, while its response to an earlier post-concert crowd moved fares up 60%, trimming rider demand 25% and pulling 30% more drivers into the surge zone within 15 minutes.
Where should I send the next one?
Everything here is free and it stays that way. Leave your email and I'll send you the new lessons as they go up. You can unsubscribe from any one of them.
Did this save you a prep period? You can chip in toward my three kids' daycare fund. Everything on this site stays free either way.