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.

Demand Factor Initial Value Average American household income $50,000 per year Roundtrip airfare from San Francisco (SFO) to Las Vegas (LAS) $200 per roundtrip Room rate at the Grandiose Hotel and Casino, which is near the Peacock $200 per night Ise the graph input tool to help you answer the following questions. You will not be graded on any changes you make to this grap Note: Once you enter a value in a white field, the graph and any corresponding amounts in each grey field will change accordingl Graph Input Tool 500 Market for Peacock's Hotel Rooms 450 I Price 150 (Dollars per room) 400 Quantity 350 350 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 SFO to 200 LAS ( Dollars per 50 100 150 200 250 300 350 400 450 500 roundtrip) QUANTITY (Hotel rooms) Room Rate at 200 Grandiose (Dollars per night)