If New York City Had No Medallion System for Taxicabs,assuming

Multiple Choice

If New York City had no medallion system for taxicabs,assuming that the supply curve of taxicab rides is upward sloping and the demand curve for taxicab rides is downward sloping,economic theory would predict that the price of a taxicab ride would:

A) increase because of the higher safety hazards.
B) not change from its current level.
C) decrease.
D) increase,but only slightly.