Presentation - why the demand for transport is constantly changing
Using economic theory and providing examples, explain why the demand for transport is constantly changing. Distinguish between temporary changes and permanent / continuous changes.
Tip: You can use concepts such as: income, normal goods, inferior goods, tastes and preferences, prices of substitutes (substitute products - increase of substitute products due to changes in technology and/or innovations by competitors),
price
of products
complementary goods, population size.
presentation time: about 10 minutes
lots of content - few slides
Applications 1
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