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The Vine Lid. sells pre-pack organic vegan meal. The analysis of market data for its vegan meal generates the following demand function. D = 100-2P
The Vine Lid. sells pre-pack organic vegan meal. The analysis of market data for its vegan meal generates the following demand function. D = 100-2P + 0.75/ + 5PR+5A Where D is the quantity demanded for Vine's vegan meal per month, P is the price (in dollars) of each pre-packed meal, Pp is the price of related product (in dollars), / is the per capita disposable income (in thousands of dollars) of the buyers of pre-packed meal and A is the Vine's advertising expenditures. Now assume that Vine spends $10 on advertising (A), derive the new demand equation
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