Question

The demand for monorail service in the three urbynes (or districts) of Utarek, Mars can
be modeled by
q = 31p^-0.49
thousand rides per day
where p is the fare the Utarek Monorail Cooperative charges in zonars ($). Assume the
cooperative is prepared to provide service for
q = 2.5p + 1.75 thousand rides per day?

estimate the equilibrium price (to the nearest 0.50 zonars).
Estimate the shortage or surplus of monorail service at the December 2085 fare of $1
per ride.