In a certain suburban community, commuters have the choice of getting into the city by bus or
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In a certain suburban community, commuters have the choice of getting into the city by bus or train. The demand for these modes of transportation varies with their cost. Let f (p1, p2) be the number of people who will take the bus when p1 is the price of the bus ride and p2 is the price of the train ride. For example, if f (4.50, 6) = 7000, then 7000 commuters will take the bus when the price of a bus ticket is $4.50 and the price of a train ticket is $6.00. Explain why
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Related Book For 
Calculus And Its Applications
ISBN: 9780134437774
14th Edition
Authors: Larry Goldstein, David Lay, David Schneider, Nakhle Asmar
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