Your code is a little hard to read... I would suggest not stringing commands together on the same line.
That being said...
You will want to use the .* and ./ operators. They will perform operations on each element of an array and return an array.
Example:
agd = 0.24*9.81;
S = 1.15;
Tb = 0.2;
Tc = 0.6;
Td = 2;
q = 2;
T3 = Tc:0.02:Td;
constant = (agd * S *2.5 * Tc / q);
Sd3 = constant ./ T3;
Solving for the constant first will reduce the number of computations MATLAB has to do to return your answer. Not so important here, but useful with large data sets.