Business, 15.07.2019 00:30, treypickich14

Short-run and long-run effects of a shift in demand suppose that the turkey industry is in long-run equilibrium at a price of $5 per pound of turkey and a quantity of 50 million pounds per year. suppose that webmd claims that a protein found in turkey will increase your expected lifespan by 4 years. webmd's claim will cause consumers to demand turkey at every price. in the short run, firms will respond by .

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Short-run and long-run effects of a shift in demand suppose that the turkey industry is in long-run...