Mary Granola loves to consume two goods, avocados and grapefruits. When she draws her consumption set, Mary measures avocados on the horizontal axis and grapefruits on the vertical axis. then whenever she has more grapefruits than avocados, the slope of her indifference curve is -2. Whenever she has more avocados than grapefruits, the slope is -1/2. Mary would be indifferent between a bundle with 14 avocados and 20 grapefruits and another bundle that has 26 avocados and (Show Work Please) a. 11 grapefruits b. 18 grapefruits c. 6 grapefruits d. 16 grapefruits e. 13.5 grapefruits

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answertrue;

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.