GMS 803 Lecture Notes - Lecture 8: Microeconomics, Demand Curve, Equilibrium Point

• School: Ryerson University
• Department: Global Management Studies
• Course: GMS 803
• Professor: Hossein Zolfagharinia

Document Summary

While many of the economic impacts of transportation are positive, there are also signiicant negative impacts that are assumed by individuals or by the society in one way or another. People"s mobility and transport demands depend on their socioeconomic situation. The higher the income, the higher the mobility, which may give rise to substantial mobility gaps between diferent population groups. Gender gaps exist in mobility as women tend to have lower incomes. o: mobility gaps are particularly prevalent for long distance travel. Locations that have low levels of accessibility, such as landlocked countries, tend to have higher costs for many goods (sometimes basic necessities such as food) as most have to be imported, often over long distances. The resulting higher transport costs inhibit the competitiveness of such locations and limits opportunities. 3-congestion: with the increased use of transport systems, it has become common for parts of the network to be used above design capacity.