Suppose the demand for dollars (in exchange for euro) is given by the equation: D = 220 + 0.025 YFor minus550 rFor + 700 r minus 28 enom The supply of dollars is given by: S = 140 + 0.030 Y + 300 rFor minus680 r + 22 enom Suppose output and the real interest rate in the domestic country and the foreign country are: Y = 7 comma 750, YFor = 10 comma 500, r = 0.030,rFor = 0.050. Calculate the equilibrium value of the nominal exchange rate. (In your calculations, carry out your intermediate steps to three decimals and round your answer to three decimals).

answer; i believe that the correct answer is (supply chain);

idk

explanation:

bc why nah

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.