The following figure shows the supply and demand for Uber rides in downtown Miami. On New Year's Eve the demand for Uber rides in downtown increases significantly.

-Refer to the figure above.On New Year's Eve,if the market forces are allowed to function,we expect to see ________ Uber rides in downtown Miami.
A) a shift rightward in demand, and a movement along the supply curve of
B) a shift rightward in demand, and a shift rightward in the supply of
C) a shift leftward in demand , and a shift rightward in the supply of
D) a movement along the demand curve, and a shift rightward in the supply of

Question

The following figure shows the supply and demand for Uber rides in downtown Miami. On New Year's Eve the demand for Uber rides in downtown increases significantly.
 
-Refer to the figure above.On New Year's Eve,if the market forces are allowed to function,we expect to see ________ Uber rides in downtown Miami.
A) a shift rightward in demand, and a movement along the supply curve of 
B) a shift rightward in demand, and a shift rightward in the supply of 
C) a shift leftward in demand , and a shift rightward in the supply of 
D) a movement along the demand curve, and a shift rightward in the supply of

Quizplus · Accepted Answer

On New Year's Eve, demand for Uber rides in downtown Miami is expected to increase due to higher demand for transportation services during celebrations, leading to a rightward shift in the demand curve. The supply curve does not shift; instead, there is a movement along the supply curve as suppliers respond to increased prices by providing more rides.

The Following Figure Shows the Supply and Demand for Uber