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A local agribusiness enterprise has employed a consultant to estimate its supply curve for a new hybrid corn seed and to estimate the demand faced

A local agribusiness enterprise has employed a consultant to estimate its supply curve for a new hybrid corn seed and to estimate the demand faced for this seed in its local marketplace.The consultant has determined the following:

Demand:Q = 890 - P

Supply:Q = 50 + 3 P

1.What happens in the market if Little Apple sets their price at $250?Use a graph to explain.

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