Which of the following is an example of qualitative data? A P E X a. Blue is the best selling color for all models in the product line
b. consumers feel that a certain brand is not stylish enough to interest them
c. A certain brands products or an average of 15% more expensive than comparable products from their direct competitor
d. sales for the newest product model have a mounted to $260,000 over the last three months

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.