Cryptocurrency Q&A
What is the formula for elasticity of demand for transportation?
What is the formula for elasticity of demand for transportation?
ShintoMystical
Thu Jan 23 2025
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7
answers
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I'm trying to understand the concept of elasticity of demand in the context of transportation. Specifically, I'm looking for the formula that calculates this elasticity.
7 answers
EchoWave
Sat Jan 25 2025
The relationship between the own-price elasticity of market demand for transportation and the elasticities of demand for individual transport modes can be expressed mathematically.
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GwanghwamunGuardian
Sat Jan 25 2025
This mathematical expression is given by the formula F equals the sum of i from 1 to n of Si times j from 1 to n of Fij.
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Lorenzo
Sat Jan 25 2025
In this formula, F represents the own-price elasticity of market demand for transportation.
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EtherealVoyager
Sat Jan 25 2025
Si denotes the market share of the ith transport mode.
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Lucia
Fri Jan 24 2025
Fij represents the cross-price elasticity of demand between the ith and jth transport modes.
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