Question # 1 Carefully, study the following two demand equations, then answer the questions that follow Q, - 100 2P Q, _ 1202P Where: Qd: quantity demanded P: the price of the good at the fanners' level or at the consumers' level a. Which of the two equations represent the demand at the fanners' level? Explain. b. Which of the two equations represent the demand at the consumers' level? Explain. c. If the quantity produced of the product is 50 tons, calculate the price at the farmers' level and the price at the consumers' level? (1. Calculate the marketing margin at this level of production. e. Calculate the total farmers' revenues, the total consumers' expenditures, and the total marketing cost