Q A.4.4.4 Discussion-The Elasticity of Uber's Surge Pricing - Group B 2 From ECON-102-OMH-CRN55774 The Elasticity of Uber's Surge Pricing Uber's Surge Pricing more quickly brings the market into equilibrium as demand data more quickly brings supply into the market area and rations the scare items to the highest bidders until the market "clears." Read the following articles on Uber's pricing models The Microeconomics of Uber’s ‘Surge Pricing’.pdfDownload The Microeconomics of Uber’s ‘Surge Pricing’.pdf The Effects of Ubers Pricing.pdfDownload The Effects of Ubers Pricing.pdf Discussion Question: 1. How does Uber use elasticity to "balance" supply and demand? 2. How does elasticity "decide" who gets the ride? Discussion Question Requirements: Each student is required to post a 150 word response to the question. The student then must post at least a 50 word response to at lease ONE other student post. Post-=4 points. Comment = 2 Points Submit Original Post by the Due Date. Comments are open for four (4) days after the Due Date or until the Available Until Date