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Let's say that the supply of wheat is given as P = 300 + 20Q while the demand is P = 800 - 5Q. If the government artificially fixes the price of wheat at 650 what would be the impact on the wheat market? (a) Will there be an excess supply of or an excess demand for wheat? (b) Indicate the excess amount (c) What are likely to be the long-term implications of the controlled price