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> Induced demand is where a shift in the supply curve shifts the demand curve That is incorrect. You fundamentally misunderstand induced demand. You can litera
by abalone 8y ago
> Induced demand is where a shift in the supply curve shifts the demand curve
That is incorrect. You fundamentally misunderstand induced demand. You can literally google “induced demand” and see a graph showing that the demand curve does not shift.[1]
[1] https://en.wikipedia.org/wiki/Induced_demand https://en.wikipedia.org/wiki/Induced_demand