Yeah, I do agree that for the case of traffic, elasticity is pretty close to 1, which importantly doesn’t mean building more traffic is a bad idea, it’s actually indicative of demand for traffic capacity being really high, meaning marginal value of doing so is likely also really high.
Yeah, I do agree that for the case of traffic, elasticity is pretty close to 1, which importantly doesn’t mean building more traffic is a bad idea, it’s actually indicative of demand for traffic capacity being really high, meaning marginal value of doing so is likely also really high.