Induced Demand

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.