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City Condemns Law of Supply and Demand

DNAinfo 16 August 2017 No Comment

THE LOOP — When CTA trains stopped running from the North Side into the Loop because of a death on the tracks Tuesday morning, Uber and Lyft sprung into action by raising rates.

demandcurve

And the city of Chicago isn’t happy about it.

“It is unfortunate that at least two ride-share companies chose to take advantage of this morning’s difficult commuter situation,” said Lilia Chacon, a spokeswoman for the city’s Business Affairs and Consumer Protection department.

Read more in DNAinfo

 

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