What are the economic benefits to the city

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Reference no: EM133481205

Discussion Post

For this discussion post, you must construct a supply and demand chart.

Question I. Key economic indicators that the city should consider in this situation include the total cost of the initiative, the potential revenue generated from the program, the projected usage rate of the scooters, the potential increase in population as a result of the program, the potential impact on the local job market, and the potential impacts on the city's public transportation budget (such as a potential decrease in funding).

Question II. This new effort would probably have a big influence on a lot of various taxes, including sales taxes, company taxes, property taxes, and income taxes if the city opted to implement it.

Question III. Depending on the situation, various factors may influence the supply and demand of already-existing municipal services (such as bus, subway, and other similar services). There might be less of a need for the current public transportation services if scooters turn out to be a practical alternative means of mobility. If the scooters lower the cost of transportation, an increase in population will likely lead to an increase in demand for the services offered by public transportation. Additionally, the presence of the scooters could spur the establishment of new businesses in the region, raising the need for services offered by public transportation.

Assume that the city has decided to implement this new initiative. Based on your answer to the above question: How would the supply and demand of existing city services (bus services, subway services, etc.) be affected?; select one of the services you included in your answer, and construct a supply and demand chart to help illustrate your prediction.

Conclusion

Question 1) What are the economic benefits to the city that this initiative will provide?
Question 2) Encourage people to support the initiative and use the scooters.

Reference no: EM133481205

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