Question 13
what did the federalists favor?
|
a. a loose association of states with a weak national
government
b. a government organized under the articles of confederation
c. a strong national government that shared power with the
states
d. a bill of rights to protect the people against tyranny

answer; (cash) is the best out of the above; good luck

answer(b) equal; set period;

yes the correct answer was

b.the increased supply will create a surplus.    

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.