Question: Based on the video, How can you characterize the different elasticities of demand in (1) the farmgate prices for farmers as producers and (2) in

Based on the video, How can you characterize the different elasticities of demand in (1) the farmgate prices for farmers as producers and (2) in the wholesale/retail prices for supermarkets? Which is more elastic or inelastic and why is this the case? What impacts would this discrepancy have on the welfare of farmers vis--vis the welfare of retailers? Reference: https://youtu.be/k577guZ0g1g

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