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> People don’t walk into hospitals in 100+ square foot bubble suits for fun You missed the point or don’t understand what induced demand implies. > Do you rea
by kortilla 5y ago
> People don’t walk into hospitals in 100+ square foot bubble suits for fun
You missed the point or don’t understand what induced demand implies.
> Do you realize you just described the importance of recognizing induced demand?
“Induced demand” is just supply and demand, there is nothing special. You didn’t understand supply and demand in the first place if you think this isn’t regular supply and demand curves.
Make a new passenger train that goes from LA to Vegas that takes 16 hours. Check the ridership. Now make it take 2 hours and check again.
Neither train “induced” the demand. It was already there because people travel between the cities (see the flights).
People who hide behind “induced demand” as an excuse just don’t want to admit that the demand is already there and they are just NIMBYs who don’t care about lower income people with families who need to commute for work. That’s fine, but at least admit it.