Demand Factor

Initial Value

Average American household income $$40,000$ per year

Roundtrip airfare from San Francisco $($SFO$)$ to Las Vegas $($LAS$)$ $$100$ per roundtrip

Room rate at the Grandiose Hotel and Casino, which is near the Peacock $$200$ per nightDemand Factor

Initial Value

Average American household income $$40,000$ per year

Roundtrip airfare from San Francisco $($SFO$)$ to Las Vegas $($LAS$)$ $$100$ per roundtrip

Room rate at the Grandiose Hotel and Casino, which is near the Peacock $$200$ per night