At Westonci.ca, we connect you with experts who provide detailed answers to your most pressing questions. Start exploring now! Our platform provides a seamless experience for finding precise answers from a network of experienced professionals. Connect with a community of professionals ready to provide precise solutions to your questions quickly and accurately.
Sagot :
the smaller the income elasticity increase in the price of gas would have no effect on traffic congestion .
As use of a road network grows, traffic congestion develops. It is categorised by reduced speeds, longer travel times, and more vehicle queuing. Congestion starts to happen when there is a high enough demand for transportation that interactions between cars cause the flow of traffic to slow down. Customers' discretionary spending decreases when they must spend an increasing percentage of their income on gas. High gas prices also make it difficult for people to travel by car to destinations like malls or shopping centres, which encourages more people to shop online. Although it is a major issue, the question of policy presented by congestion is not whether one city can outperform another. Instead, it concerns how we may enhance the large, dense metropolitan centres that make a disproportionate contribution to our economy by lessening internal congestion and expanding access to possibilities there.
Learn more about income elasticity here:
https://brainly.com/question/29564308
#SPJ4
Thanks for using our platform. We aim to provide accurate and up-to-date answers to all your queries. Come back soon. We appreciate your time. Please revisit us for more reliable answers to any questions you may have. Westonci.ca is here to provide the answers you seek. Return often for more expert solutions.
