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We found 2 dictionaries that define the word induced demand:

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  1. Induced demand, Induced demand: Wikipedia, the Free Encyclopedia

Definitions from Wikipedia (Induced demand)

noun:  In economics, induced demand – related to latent demand and generated demandSchneider, Benjamin (September 6, 2018) "CityLab University: Induced Demand" CityLab – is the phenomenon whereby an increase in supply results in a decline in price and an increase in consumption.


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