MLS Construction LLC asked MD Drilling and Blasting Inc. to do rock drilling and blasting work required for an excavation project. MD had previously done work for MLS but had not been fully paid. MD agreed to do the work if MLS made a significant payment on the balance due. MLS agreed and gave MD a check for $15,000. MD began work and the same day faxed an unsigned written airpayment to MLS. Two weeks later, MD learned that MLS had stopped payment on the check. MD stopped work on the project and sued MLS for breach of contract. MLS argued that the unsigned agreement that MD faxed revoked the original offer, and therefore there was no contract. Did it?

answer; /// the above statement is (false);

answergoing to the symphony;

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.