Concordia University Department of Economics Econ 430/530 AA- Transportation Economics, Fall 2022 Assignment #1 Due date: October 7th, on Moodle or via email Answer all 4 questions, for full credit. 1. Define the terms accessibility and mobility. Can accessibility be achieved without an increase in mobility? Explain. 2. Discuss the importance of measuring output in transportation industries in terms of capacity or in terms of the actual volume of activity. 3. Define and describe the elasticity of the demand for travel with respect to travel time, and the income elasticity of the demand for gas for drivers. 4. Access htt s: data.bts. 0v stories 5 9czv- 'te#frei ht-trans ortation's-relationshi -to- the-economy Based on that short presentation, start by defining the T81. Then explain why the Freight T51 is procyclical (i.e. rises and falls with GDP). Do not include any of the graphs in your answer, they are available on the website