4 ms·
Price elasticity is a thing. I wouldn't pay double.
by PopeDotNinja 7y ago
Price elasticity is a thing. I wouldn't pay double.
- londons_explore 7y agoYou might pay double for a while until you got round to finding and signing up for a new app. And in many places, Uber is a monopoly - it would take months for other apps to launch and scale.
- derision 7y agoAlmost every I know has both Uber and Lyft, will check both and pick whichever is cheapest at the moment
- Keats 7y agoLyft doesn't exist outside of the US.
- whenchamenia 7y agoBut other services do, or will.
- lazerpants 7y agoIt probably wouldn't have to be double. They're profitable in the NYC market and I think we pay about 30-50% more than other markets (anecdotally).
- wolco 7y agoIt would allow other players to raise prices and make a profit.