Final answer:
The overall demand for transportation that is inflexible and does not change with price is known as inelastic demand.
Step-by-step explanation:
The overall demand for transportation that is inflexible and does not change with price is known as inelastic demand.
Inelastic demand means that the quantity demanded does not respond significantly to changes in price. This could be due to the necessity of transportation or the lack of close substitutes.
For example, if the price of gasoline increases, people still need to commute to work, go grocery shopping, or run errands, so they may continue to purchase gasoline at a higher price, resulting in an inelastic demand for transportation.