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Old Posted Jul 29, 2017, 2:43 AM
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electricron electricron is offline
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Location: Granbury, Texas
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Quote:
Originally Posted by SkahHigh View Post
It's known that widening highways doesn't actually reduce congestion because of the induced demand principle.

The United States finally have a chance to catch up to the rest of the world in terms of rail infrastructure and they're seizing it. I think that's great.
Induced demand is basically hidden demand. It's really there, drivers will choose the newer expanded lanes over other slower highways if given a chance. Why do so many suggest it's not a real demand?

https://en.wikipedia.org/wiki/Induced_demand
Induced demand, or latent demand, is the phenomenon that after supply increases, more of a good is consumed.

Taking it out of the transportation lingo, let's use crops instead. When farmers overproduce, prices for that commodity falls, resulting in increasing sales because the price fell.
The price of gasoline has a similar effect on traffic, as the price for fuel drops, more vehicle miles are driven.
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