Final answer:
The question deals with the supply of uver rides in a competitive market at a set price. While the exact number of ride bundles provided at $125 per bundle is undisclosed, an analogy with a unionized labor market demonstrates the impact of wage increases on supply and demand.
Step-by-step explanation:
The student's question regards the competitive market for rides (referred to as 'uver rides') in a city, and how the number of service providers (in this case, 95 uver drivers) responds to a given price for a bundle of rides. The student is seeking an understanding of market dynamics, specifically the relationship between price and the number of bundles offered by the drivers in a competitive environment.
However, as the essential data to directly answer this question is missing (i.e., the number of bundles supplied at the $125 price), we could instead consider a related scenario from labor economics involving a unionized labor market for bus drivers in Unionville, to exemplify market equilibrium and the effects of a union's negotiating power on wages and employment levels. The provided information shows that without a union, there would be an equilibrium at an $18 per hour wage with 8,000 bus drivers employed.
If the union negotiates a $4 increase in the hourly wage, the market experiences a wage increase to $22 per hour, leading to a decrease in demand to 4,000 workers and an increase in supply to 10,000 workers, resulting in an excess supply of 6,000 workers.