1. What are the implications for demand in the short and long r
... road transportation is hard to quantify as there are many external costs not considered by an individual when calculating the marginal cost and benefit ratio before undertaking a journey (Parkin. 2000). These externalities include the cost of congestion, especially during peak periods adding to the cost of fuel and time to the journey, air pollution and its resulting effects upon both ... actual running cost of road transport inevitably increases car sales benefiting the motor industry and the transportation of produced goods within the manufacturing industry. This would therefore increa...
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