1. Explain the considerations that can modify and individuals demand for urban transportation. Some products have elastic demand while some have inelastic demands. Explain the condition in which the derived demand for transport would be elastic or inelastic. 2. Is building roads a good idea even if it results in more travel demand?

1. Explain the considerations that can modify and individuals demand for urban transportation. Some products have elastic demand while some have inelastic demands. Explain the condition in which the derived demand for transport would be elastic or inelastic. 2. Is building roads a good idea even if it results in more travel demand?

Essentials of Economics (MindTap Course List)

8th Edition

ISBN:9781337091992

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter5: Elastic And Its Application

Section: Chapter Questions

Problem 10PA

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