Question: The retail level demand function for eggplant is Q = 100 - 3P where Q = quantity demanded and P = price. There is a

The retail level demand function for eggplant is Q = 100 - 3P where Q = quantity demanded and P = price. There is a 30 cent 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. For which is demand more inelastic?

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