Logged out
Access All our Essays in an Instant
Swap your work for FREE access, or pay £4.99 for instant access
What are the implications for demand in the short and long run of undercharging for road transport?
Member rating: No Rating | Words: | Submitted: Mon Jan 19 2004
Page Preview
On the left is an image preview of every page of this document, and below are the first 150 words with formatting removed:
What are the implications for demand in the short and long run of undercharging for road transport? The demand for road transport is a derived demand, derived from the demand to transfer both the population and goods between different locations (Griffiths and Wall. et al 1999) and is heavily influenced by both time and space, subjected to regular fluctuation creating the characteristic peak and off peak situation upon urban roads. This results from the immediate consumption of a road, if it is to be considered as a good, preventing the possibility of storing the good for periods of greater demand. The demand placed upon road transport is therefore affected by three main factors; the price of road transport, the price of alternative transport services, and individual income. However the true cost of road transportation is hard to quantify as there are many external costs not considered by an individual when calculating...
Get instant access
- Instant, unlimited access to our documents in full
- Swap your work for free access, or pay £4.99
- To see the full version of this document and 145,970 others
Receive email updates for this category
- Simply tell us your email address and receive a weekly Study Help Email for FREE
- Receive 3 FREE essay views with each email
- Get all the latest essays from Coursework.Info & discussion from TheStudentRoom.co.uk
