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>“I haven’t noticed substantial cutbacks in traffic. As a matter of fact, I would say it was the opposite.” That is the very nature of Induced Demand (https://
by riffic 10y ago
>“I haven’t noticed substantial cutbacks in traffic. As a matter of fact, I would say it was the opposite.”
That is the very nature of Induced Demand (https://en.wikipedia.org/wiki/Induced_demand https://en.wikipedia.org/wiki/Induced_demand).
- snrplfth 10y agoWell, when you increase the supply of a valuable good, and price it at $0, an increase in consumption is pretty much what you would expect.
- strictnein 10y agoGas, cars, car maintenance, etc are free?
- snrplfth 10y agoThe good I am referring to is the service provided by the extra freeway space. Imagine an auto-body shop decided it would give a free engine oil top-up to anyone who drove up. You'd still need a car to take advantage of the deal, but it does mean that consumption of that engine oil will probably rise.
- deleted 10y ago[deleted]