Name DEMAND INTERPRETATON EXERCISE Due Analyze the demand function for Paradise Lake's properties in problem C5, page 83. Please also read "What is a Symbol" located in the folder with this assignment. This function is: Q=3536-.5P+2Pc+.008I+.0001A 1. Characterize this function by circling all in the following list that are applicable: univariate, bivariate, multivariate, linear, exponential, logarithmic, curvilinear, 1st degree, 2nd degree, 3rd degree, additive, multiplicative, linearly homogeneous 2. What is the numerical value of the partial derivative of the function with respect to advertising expenditures (be sure to also include the + or-sign. Note: I do not want the symbol for this partial derivative)? 3. Write the mathematical symbol representing the coefficient of the price of competing lots (the numerical value of this coefficient is +2, but the answer you give is to be the symbol representing this partial derivative). 4. Assuming there is a $1000 decrease in the price (Pc) of competing lots, what change in demand for Paradise Lake lots QL will result (an increase or decrease and also give the numerical value of it, too).