The following graph input tool shows the daily demand for hotel rooms at the Peacock Hotel and Casino in Las Vegas, Nevada. To help the hotel management better understand the market, an economist identified three primary factors that affect the demand for rooms each night. These demand factors, along with the values corresponding to the initial demand curve, are shown in the following table and alongside the graph input tool. (Note: All values are hypothetical.)

Demand Factor	Initial Value
Average Canadian household income	$50,000 per year
Round trip airfare from Ottawa (YOW) to Las Vegas (LAS)	$100 per round trip
Room rate at the Grandiose Hotel and Casino, which is near the Peacock	$250 per night

Use the graph input tool to help you answer the following questions. You will not be scored on any changes you make to this graph.Note: Once you enter a value in a white field, the graph and any corresponding amounts in each grey field will change accordingly.

Graph Input Tool 500 Market for Peacock's Hotel Rooms 450 Price 200 (Dollars per room) 400 Quantity 300 350 Demanded (Hotel rooms per 300 night) 250 PRICE (Dollars per room) 200 Demand Factors 150 Demand Average Income 50 (Thousands of 100 dollars) 50 Airfare from YOW to 100 LAS 0 (Dollars per round 0 50 100 150 200 250 300 350 400 450 500 trip) QUANTITY (Hotel rooms) Room Rate at 250 Grandiose (Dollars per night)