Question One
Transportation demand is a situation that ensues when there is a significant number of people who require to use the transport sector when the resources are inadequate. The need for transportation is not resultant from the direct benefits, but rather from the ripple effects that come with a sustainable transport sector. For example, shippers transporting cargo reap economic benefits from the transportation sector because the goods sell for substantial gains. Moreover, carriers who deal mostly in the carriage of people obtain tangible benefits from the transportation cost of facilitating the movement of crew members. Inelastic demands are those where ...