Induced Demand

Concept

transport economics term; when increase in supply results in a decline in price and an increase in consumption

Mentioned in 1 video

Videos Mentioning Induced Demand

Time Management for Mortals: A Conversation with Oliver Burkeman (Episode #289)

Time Management for Mortals: A Conversation with Oliver Burkeman (Episode #289)

Sam Harris

Economic concept, used as a parallel to the efficiency trap, where increasing supply (like freeway lanes) leads to increased demand and no net improvement.