MY NOTES ASK YOUR TEACHER 4. [-/6.66 Points] DETAILS In 2005 the monorail In a certain city charged $2 per ride and had an average ridership of about 29,000 per day, In December 2005 the monorail company raised the far to $4 per ride, and average ridership in 2006 plunged to around 16,000 per day (a) Use the given Information to find a linear demand equation, (p is the cost in dollars,) a(p) - (bj Give the units of measurement and interpretation of the slope. days per dollars per ride rides per day per denar dollars per ride per day C' dollars per day per ride Interpret of the slope Ab you increase the number of riders, the pace increases. As you increase the days, the price increases As you increase the price, the ridership decreases. he you increase the price, the ridership increases. In) What would have been the effect on ridership of raising the fare to $5 per ride Ridership would be unaffected Ridership would rian. Ridership Would ish