> the price increase can incentivize more drivers thus increasing supply

But never high enough to meaningfully dilute or really in any way change demand, and by raising the number of drivers, the parent company ultimately still makes more profit.

This seems self reinforcing.

> i mean, if you posit inelastic demand, you dont get you pretend you derived it as a conclusion right?

I'm not pretending anything, I'm considering the reality on the ground when I travel across the US.