Q = 26,000 - 500P - 250Pog + 200Ib - 5,000S
- Q = No. of Passengers/Mo.
- P = Price in Dollars
- Pog = Regional price index for other goods
- Ib = Index of Business Activity
- S = dummy variable = 1 in summer
What is demand during winter if Pog = 4, Ib = 250, P = $100?