Why is it difficult to get a cab on a rainy day?
A)Cab drivers have backward bending daily supply curve
B)Cab drivers must drive much slower when it rains
C)The demand for cabs shifts left and the quantity of cabs supplied falls
D)Cabs don't like to work on rainy days

Question

Quizplus · Accepted Answer

On rainy days, cab drivers may reach their income target faster due to increased demand, leading them to stop working earlier, which is explained by the backward bending supply curve.

Why Is It Difficult to Get a Cab on a Rainy