Demand for transportation at the macro is _______, while demand for transportation at the micro level is _______?

Question

Quizplus · Accepted Answer

At the macro level, demand for transportation is generally inelastic because the economy as a whole depends on transportation for the movement of goods and people, and there are few immediate substitutes for transportation. At the micro level, demand can be more elastic because individuals and businesses may have more flexibility in choosing among different modes of transportation or deciding not to travel if costs rise.

Demand for Transportation at the Macro Is _______, While Demand