Hi! can someone help me with this 2 problems? Thank you so much. Your answers would be a very much appreciated. These problems is based on the chapter 3 of Managerial Economics 12th edition book by McGuigan, Moyer and Harris.

DISPOSABLE PERSONAL INCOME AIRCRAFT AVERAGE (IN CONSTANT 2006 DOLLARS- YEAR SALES PRICE BILLIONS) 2006 525 $17,200 $610 2007 450 8,000 610 2008 400 8,000 5909. The Sydney Transportation Company operates an urban bus system in New South Wales, Australia. Economic analysis performed by the rm indicates that two major factors inuence the demand for its services: fare levels and downtown parking rates. Table 1 presents information available from 2005 operations. Fore- casts of future fares and hourly parking rates are presented in Table 2. TABLE 1 AVERAGE DAILY AVERAGE DOWN- TRANSIT RIDERS TOWN ROUND-TRIP (2005) FARE PARKING RATE 5,000 $1.00 $1.50 TABLE 2 AVERAGE PARKING YEAR ROUND-TRIP FARE RATES 2006 $1.00 $2.50 2007 $1.25 $2.50 Sydney's economists supplied the following information so that the rm can esti- mate ridership. Based on past experience. the coefcient of cross elasticity be- tween bus ridership and downtown parking rates is estimated at 0.2, given a fare of $1.00 per round trip. This is not expected to change for a fare increase to $1.25. The price elasticity of demand is currently estimated at 1.1, given hourly parking rates of $1.50. It is estimated, however, that the price elasticity will change to 1.2 when parking rates increase to $2.50. Using these data, estimate the average daily ridership for 2006 and 2007