Earlier quoted context omitted.
Induced demand = the product is actually being used . The hoary old cliché that says, "Building roads just increases congestion," is nothing more than an exercise in measuring the wrong thing. Market demand, induced and otherwise, is a good thing, if the externalities are also addressed. That's basically Musk's whole business model.
Infrastructure operates differently from a good or service where you have a multitude of often interchangeable selections. The easy availability of roads leads to more people driving since it's the more effective option, which in turn leads to more traffic. Eventually the system reaches equilibrium where it's busy enough that other alternatives are more desirable. Time and time again predictions of apocalyptic traffi…
Would traffic flow become infinitely fast if we removed them all?
Conversely, would it become infinitely slow if we paved every square inch of land in sight?
It's almost as if such simplistic models are worse than useless, huh.