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The fact that musk has publicly called induced demand nonsense[0] despite his launch company relying on it is an irony I find delicious. [0]https://www.forbes.
by wolfram74 3y ago
The fact that musk has publicly called induced demand nonsense[0] despite his launch company relying on it is an irony I find delicious.
[0]https://www.forbes.com/sites/carltonreid/2020/12/29/elon-musk-dismisses-induced-demand-a-phenomenon-first-witnessed-in-1866/?sh=583f5f6b7c5d https://www.forbes.com/sites/carltonreid/2020/12/29/elon-mus...
- zbrozek 3y agoIt's just demand. We don't call increases in demand 'induced demand' unless we're trying to throw shade on the thing being demanded. The classical case is road use. Add lanes to highways and folks will utilize the capacity to do whatever it is that creates value to them. And we call it induced demand. If transit headways shrink and there are more riders because the service got better, we don't call it induced demand. Or if milk or eggs get cheaper and consumption of those items grows, it's also not induced demand.