Table 7 Economic Demand Elasticities
Table 7 Economic Demand Elasticities
| Aviation | Highway | Rail | Dahl | |
|---|---|---|---|---|
| Income elasticity | 1.74 | 1.04 | 0.18 | 0.09 to 0.85 |
| Fuel price elasticity | -0.38 | - | - | -0.01 to -0.36 |
SOURCE: Dahl, Carol A. "Demand for Transportation Fuels: A Survey of Demand Elasticities and Their Components," Journal of Energy Literature, 1(2), Fall, 1995. and U.S. Department of Transportation, Research and Innovative Technology Administration, Bureau of Transportation Statistics.