The Vine Lid. sells pre-pack organic vegan meal. The analysis of market data for its vegan meal generates the following estimates of the parameters of a demand function. an -100 or the estimate of the intercept 71 = - 3 is the estimate of the coefficient of the price (in dollars) of each pre-packed meal or P dy = 1.2 is the estimate of the coefficient of per capita disposable income (measured in thousands of dollars) or / ng #4 is the estimate of the coefficient of the price of related product (in dollars) or PR = 3 is the estimate of coefficient of the Vine's advertising expenditures or A D-demand or quantity demanded for Vine's vegan meal per month Review the demand theory and steps outlined in the slide 'Economic model 3_demand modelSUM24' in module 1 and, then, identify the correctly specified estimated demand equation from the choices below. O D = 100- 3P + 1/ + 4PR+3A O D = 100- 3P + 1.2/ + 5P-+3A O D = 100- 3P + 1.2/ + 4PR+5A O D = 100- 3P + 1.21 + 4PR+3A Question 2 5 pts Suppose the values of the independent variables in the specified equation in previous problem are given as income (1) = $100, PR=$5, and A=0. Substituting the values, income (1) = $100, PR=$5, and A=0, into the correctly specified demand equation (D on the left side) in the previous problem, derive the simple demand equation as shown in Equation 3 in the slide 'Economic model 3_demand modelSUMP24'. Select the correct simple demand equation from the choices below. O D-100-2P O D=200-3P O D-240-2P O D-240-3P O D=220-3P Question 3 5 pts Now assume that Vine spends $10 on advertising (A). while income = 100 and PR = 5. Substituting the values into the estimated demand equation in problem 1. derive the new demand equation and then identify the correct choice from below. O D= 270-3P O D= 270-2P O D= 250-3P 200-2P