Demand for transportation at the microeconomic level is
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Heya....
Demand for transportation in Microeconomic level is inelastic....
Because....
Need of transport is the necessity of once and it can't be postponed ....
Transportation is the short term usable item also so we have to use it even prices are high...
Demand for transportation in Microeconomic level is inelastic....
Because....
Need of transport is the necessity of once and it can't be postponed ....
Transportation is the short term usable item also so we have to use it even prices are high...
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Demand for transportation at the microeconomical level is inelastic, because need of transportation can't be postponded if economy level have to be maintained.
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