In a small city, Uver, a new ride service, has become very popular with the younger generation. The inverse demand for Uver rides is given by OD p = 100.00 12 where Q is the number of rides demanded...

If no tax is put in place, the equilibrium price is $ _____ per Uver ride.

With the tax in place, the price paid by buyers per Uver ride will increase to $ _________

With the tax in place, the after-tax price per ride received by Uver drivers will be $ _________

Extracted text: In a small city, Uver, a new ride service, has become very popular with the younger generation. The inverse demand for Uver rides is given by OD p = 100.00 12 where Q is the number of rides demanded and p is the market price per ride. The inverse supply of rides is given by p = 80.00 + The local government in this small city is concerned that young people will walk less, which will have a negative effect on their health. The government is, therefore, considering charging Uver drivers a tax of $7.00 per ride.