Tag Archives for " Demand "

The Economic Laws of Supply and Demand as They Relate to Costs and the Service Industry

Most people will remember that when Uber started in 2009, it offered a more affordable option than traditional taxi rides. The company’s pricing strategy became quite controversial, especially when the startup set its sights on New York.Officially, Uber’s service arrived in New York in 2011. The startup undercut the pricing of taxi services and medallion […]