Uber Price Elasticity Of Supply

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Uber is an application that connects cabs and cars with people looking for rides. Unlike other cab services, the drivers do not have hourly schedules. Uber drivers are not employees; instead, they choose whether they drive or not and when. When the demand for rides increases, Uber rises its prices through, what they call, surge pricing. The price elasticity of supply for Uber rides in NYC is definitely elastic because the amount of drivers on the road directly correlates with the price of riding. The higher the price, the more drivers there are.
Uber raises its prices when the demand for taxis is high in order to give drivers the incentive to drive in these extreme cases (weather or abnormally high demand) in order to get enough drivers on

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