Question

Back in 2005, the monorail in a certain city charged $3 per ride and had an average ridership of about 26,000 per day. In December 2005, the mono (a) Use the given information to find a linear demand equation. (p is the cost in dollars.) $q(p) =$ (b) Give the units of measurement and interpretation of the slope. $\bigcirc$ dollars per day per ride $\bigcirc$ rides per day per dollar $\bigcirc$ dollars per ride per day $\bigcirc$ days per dollars per ride Interpret the slope. $\bigcirc$ As you increase the number of riders, the price increases. $\bigcirc$ As you increase the days, the price increases. $\bigcirc$ As you increase the price, the ridership increases. $\bigcirc$ As you increase the price, the ridership decreases. (c) What would have been the effect on ridership of raising the fare to $6 per ride? $\bigcirc$ Ridership would rise. $\bigcirc$ Ridership would fall. $\bigcirc$ Ridership would be unaffected.

          Back in 2005, the monorail in a certain city charged $3 per ride and had an average ridership of about 26,000 per day. In December 2005, the mono
(a) Use the given information to find a linear demand equation. (p is the cost in dollars.)
$q(p) =$
(b) Give the units of measurement and interpretation of the slope.
$\bigcirc$ dollars per day per ride
$\bigcirc$ rides per day per dollar
$\bigcirc$ dollars per ride per day
$\bigcirc$ days per dollars per ride
Interpret the slope.
$\bigcirc$ As you increase the number of riders, the price increases.
$\bigcirc$ As you increase the days, the price increases.
$\bigcirc$ As you increase the price, the ridership increases.
$\bigcirc$ As you increase the price, the ridership decreases.
(c) What would have been the effect on ridership of raising the fare to $6 per ride?
$\bigcirc$ Ridership would rise.
$\bigcirc$ Ridership would fall.
$\bigcirc$ Ridership would be unaffected.

Back in 2005, the monorail in a certain city charged 3 per ride and had an average ridership of about 26,000 per day. In December 2005, the mono
(a) Use the given information to find a linear demand equation. (p is the cost in dollars.)q(p) =(b) Give the units of measurement and interpretation of the slope.◯dollars per day per ride◯rides per day per dollar◯dollars per ride per day◯days per dollars per ride
Interpret the slope.◯As you increase the number of riders, the price increases.◯As you increase the days, the price increases.◯As you increase the price, the ridership increases.◯As you increase the price, the ridership decreases.
(c) What would have been the effect on ridership of raising the fare to6 per ride?
◯ Ridership would rise.
◯ Ridership would fall.
◯ Ridership would be unaffected.

Added by James R.

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