A remote community and the surrounding countryside had no doctorThe city council odvertised for helpoffering free office space, a six -bed Infirmary and a three yeor contract . Glamorgan applied and was accepted. Three months later the council learned that although Glamorgan had a medical degree , she had failed to pass the state examination required fo. practice medicine . No patients complained , but the council summarily discharged her Glamorgan sued for breach of contract . Will she win the lawsuit?

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.