Business, 22.04.2020 01:24 live4dramaoy0yf9

Suppose that the shrimp industry is in long-run equilibrium at a price of $5 per pound of shrimp and a quantity of 200 million pounds per year. Suppose that the Centers for Disease Control (CDC) announces that a chemical found in shrimp helps prevent many viral infections from spreading around the world.
The CDC’s announcement will cause consumers to demand shrimp at every price. In the short run, firms will respond by .

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Suppose that the shrimp industry is in long-run equilibrium at a price of $5 per pound of shrimp and...

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