Adrienne has received her first solo assignment since she was hired as a junior marketing researcher for a national food and beverage distributor. she has been asked to formulate some preliminary ideas about new product development for coffee products sold in the distributor’s on-premise consumption outlets. she understands that this assignment is a test to see whether she knows the process. she decides to start with the basics, adding a twenty-first-century twist. how will adrienne begin the process of formulating ideas about new product development?

15 pounds of apples and 6 cups of flour

answerall of these;

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.