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The article ought to do more to distinguish these. Latent demand: Driving more often because we can now actually get to places when we used to give up trying.
by erik_seaberg 5y ago
The article ought to do more to distinguish these.
Latent demand: Driving more often because we can now actually get to places when we used to give up trying.
Induced demand: Driving more miles per day because space for the roads pushed each building farther apart over time. Going to larger stores because small nearby stores failed to compete.