Advantages and disadvantages of using pricing method

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Reference no: EM133287212

Uber is a ride-sharing service started in 2009. In 2018, Grab merged with Uber in Southeast Asia. If you are not familiar with Grab, you can learn more about the services it provides at grab.

Question: Explain Grab's surge pricing in the context of shifts in supply and demand. Draw demand-supply graph to support your answer. What are the advantages and disadvantages of using this pricing method?

Reference no: EM133287212

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