Charlie conducted a training session for the new employees where he was talking about Microsoft Word. Charlie asked the new employees the way in which he can change the spelling of colour to color in an entire document. Martha replied that he should use the
Change option. Danny said that he should probably use the Ignore All option. Yvonne answered that he should use the Change All
option. Sophia was of the opinion that he should use the Replace option

answerdata mart;

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.