Question: 2. The retail demand function for tomatoes is Q = 100 - 3p, where Q= quantity demanded and p = price. There is a 30

2. The retail demand function for tomatoes is Q = 100 - 3p, where Q= quantity demanded and p = price. There is a 30 cents marketing margin so the farm level demand is Q = 70 - 3p. Calculate the arc elasticity of demand between 10 and 15 units at the retail and farm levels

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