First question: How can you characterize the different elasticities of demand in (1) the farmgate prices for farmers as producers and (2) in the wholesale/retail pricers for supermarkets? Second question: Which is more elastic or inelastic and why is this the case? Thirdquestion: What impacts would this discrepancy have on the welfare of farmers vis-a-vis the welfare of retailer? Reference to answer question: https://youtu.be/k577guZOg1g. Kindly answer in a clear format and comprehensible solution and explanation