Stephen wanted to rent space for a dry cleaning business and located a place that seemed perfect but it was only zoned for residence.. He wanted to sign a two-year lease but knew he had to apply for a variance so that a dry-cleaning establishment could be opened in this particular space. He wrote out a lease that was contingent on his being able to obtain a zoning change. This lease contained a: Group of answer choices condition subsequent voidable issue condition precedent none of the above

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.