Demand for Monorail Service: Mars The demand for monorail service on the Utarek monorail, which links the three urbynes (or districts) of Utarek on Mars, can be approximated by
$q(p)=7.5+\frac{30}{p}$ million rides per day $\quad(3 \leq p \leq 8)$
where $p$ is the cost per ride in zonars $(\overline{\mathbf{Z}}) .^{26}$
a. Graph the demand function.
b. What is the result on demand if the cost per ride is decreased from $\bar{Z}_{5} .00$ to $\bar{Z}_{3} 3.00 ?$
c. If the demand function is extrapolated, what does its graph suggest will be the effect of increasing the price to extremely large values?
Functions and Applications
Functions and Models