Transportation Systems Market: Demand, Supply, and Equations

Question 1

What is the first side of the market in transportation systems?

Accepted Answer

Buyer

Question 2

Which factor influences transportation demand related to population growth and urbanization?

Accepted Answer

More people in cities

Question 3

According to the Law of Demand, what happens to the quantity demanded for transport services when the price of the service increases?

Accepted Answer

Decreases

Question 4

What is one of the determinants of transport supply related to the availability of infrastructure?

Accepted Answer

Number and quality of roads

Question 5

What is the intercept in the equation QD = 120 - 4P?

Accepted Answer

120

Question 6

What is the slope in the equation QD = 120 - 4P?

Accepted Answer

-4

Question 7

Which factor influences transport supply related to technological factors?

Accepted Answer

Innovation in Transport Systems

Question 8

According to the Law of Supply, what happens to the quantity supplied for transport services when the price of the service increases?

Accepted Answer

Increases

Question 9

What is the intercept in the equation QS = -15 + 5P?

Accepted Answer

-15

Question 10

What is the slope in the equation QS = -15 + 5P?

Accepted Answer

5