Transport Demand

OCR Transport Economics, basic principles of Transport Demand

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  • Created by: Vixxx92
  • Created on: 16-11-10 15:19
The key modes of transport are:
Car, Rail, Air, Bus and Freight
1 of 5
Derived Demand means...?
It is demanded for a purpose
2 of 5
Theoretically, Transport modes are substitutes for each other. Really they aren't. This means that their PED is:
Inelastic
3 of 5
Why?
Because more people will have jobs, so more people will need transport to get to work
4 of 5
Transport is measured with a volume measure. What two things does this take into account?
Number of Passengers/Distance Travelled
5 of 5

Other cards in this set

Card 2

Front

Derived Demand means...?

Back

It is demanded for a purpose

Card 3

Front

Theoretically, Transport modes are substitutes for each other. Really they aren't. This means that their PED is:

Back

Preview of the front of card 3

Card 4

Front

Why?

Back

Preview of the front of card 4

Card 5

Front

Transport is measured with a volume measure. What two things does this take into account?

Back

Preview of the front of card 5

Comments

Dave

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Not bad, a few pointers though:

  • Question 3- Whilst you're technically correct, the main modes of transport are considered to be Road, Rail, Air, Sea and Pipeline. Cars, Buses etc. are means, not modes.
  • Question 6- All of the answers given are valid; you'd expect a rise in transport supply due to more people being employed in the transport industry, and more people would be able to afford certain modes of transport because higher real GDP implies higher real income.

Generally otherwise a reasonable quiz for testing the bare bones of transport, thank you :)

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