What is Induced Demand
In economics, induced demand related to latent demand and generated demand is the phenomenon whereby an increase in supply results in a decline in price and an increase in consumption. In other words, as a good or service becomes more readily available and mass produced, its price goes down and consumers are more likely to buy it, meaning that the quantity demanded subsequently increases. This is consistent with the economic model of supply and demand.
How you will benefit
(I) Insights, and validations about the following topics:
Chapter 1: Induced demand
Chapter 2: Highway
Chapter 3: Transport economics
Chapter 4: Transportation planning
Chapter 5: Traffic congestion
Chapter 6: Level of service (transportation)
Chapter 7: Lewis-Mogridge position
Chapter 8: Living street
Chapter 9: Street hierarchy
Chapter 10: Traffic flow
Chapter 11: Transportation demand management
Chapter 12: Road diet
Chapter 13: Cycle track
Chapter 14: Downs-Thomson paradox
Chapter 15: Car dependency
Chapter 16: Cycling infrastructure
Chapter 17: Urban freight distribution
Chapter 18: Sustainable Transport Award
Chapter 19: 2018 California Proposition 69
Chapter 20: Economics
Chapter 21: Stroad
(II) Answering the public top questions about induced demand.
(III) Real world examples for the usage of induced demand in many fields.
Who this book is for
Professionals, undergraduate and graduate students, enthusiasts, hobbyists, and those who want to go beyond basic knowledge or information for any kind of Induced Demand.