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Grade 9-12
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Is the traditional taxicab an endangered species?

Updated: October 2 2014,
Author: barrel fan
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Concepts

Business Costs and Revenues, Demand, Elasticity of Demand, Markets and Prices, Roles of Government
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Increasingly popular ride-sharing services have attracted customers at a rate that some say endangers the cab industry. Economics correspondent Paul Solman reports on the new surge of unregulated competition on the road.

October 2, 2014 at 6:25 PM EDT

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