Grace williams purchased plates and cups from china wholesalers for sale to retail customers at her store. grace and china had little paperwork, just the invoices from the shipments. otherwise, they operated by phone and shipments in response to the phone call requests. grace's orders range from $2000-$10,000. china decided to clean up its internal controls and documentation and asked grace to sign a form agreement. grace is not sure that she wants to sign a contract. which of the following is correct, given grace's circumstances? o there need not be a written contract because the parties have a longstanding relationship. o if china simply confirms each order from grace, there is sufficient record of a contract. o there must be a written contract for any part of this relationship to be enforceable. o pattern or practice is sufficient writing to establish a contract.

answer; // there are violations that can cause injuries or death;

answer; realistic job preview;

answerprotecting competitors;

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.