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1、The U.S. Department of Agriculture is interested in analyzing the domestic market for corn. The USDAs staff economists estimate the following equations for the demand and supply curves: Qd = 1,600  125P Qs = 440 + 165P Quantities are measured in millions of bushels; prices are measured in dollars per bushel. Calculate the equilibrium price and quantity that will prevail under a completely free market. Calculate the price elasticities of supply and demand at the equilibrium values. The government currently has a $4.50 bushel support price in place. What impact will this support price have