Barbara gonzales, age 53, is a self-employed tax attorney (social security number 444-88-). she is supporting her mother, martha garza, age 85 who lives with her. martha’s social security number is 666-99-. barbara lives in a rental at 4597 campbell ave. campbell, ca 95008

it is a i took the test.

answer; functional fixedness;

answer: in the short-run firms will respond by raising the price of turkey.

explanation: initially the long-run equilibrium is at a price of $5 per pound of turkey and a quantity of 50 million pounds per year. now, when webmd claims that a protein found in turkey will increase your expected lifespan by 4 years. the consumers demand for turkey will increase at every price shifting the demand curve to the right from d1 to d2. while, there will be no change in the supply curve in the short-run as it is not possible for producers to adjust supply so quickly. as a result the new equilibrium will occur at a higher price and a higher quantity of turkey.

thus, in the short run firms will respond by increasing the price of turkey, selling more quantity at a higher price and earning economic profits.