Answer
The ridership would fall to 4 million rides/day.
Work Step by Step
If, in our demand function from part (a), $q=-2p+24$
we substitute $p=10,$ then
$q=-2(10)+24=4$
The ridership would fall to 4 million rides/day.
You need to log in to continue
You can help us out by revising, improving and updating this answer.
Update this answerAfter you claim an answer you’ll have 24 hours to send in a draft. An editor will review the submission and either publish your submission or provide feedback.