3 ms·
All of the Uber style businesses are also based around convenience, and as a consumer my elasticity for convenience is not very elastic(I don't know if this is
by mym1990 4y ago
All of the Uber style businesses are also based around convenience, and as a consumer my elasticity for convenience is not very elastic(I don't know if this is the same for the general population). Pre-Uber, I can almost count on one hand the number of times I took a taxi somewhere but Uber made it cheap and fairly frictionless, so why not! Now it is still fairly frictionless but more expensive, and is just not worth it as much.