A new customer walks into the branch and wants to open an account where she wishes to trade options. She has investment experience and meets the firm's qualifications for option trading. The RR opens the account, having her sign some new account and options account documentation. The RR informs her that options-related information and the Options Disclosure Document (ODD) will be mailed to her the following business day. Which of the following is TRUE of this scenario? [A] A supervisor has up to 15 days following the opening of the account to review the client's information and finalize approvals on the account related to options.
[B] The RR would be in violation of industry rules on delivering the Options Disclosure Document (ODD), as delivery is required at or prior to the approval of the account.
[C] The RR would be in violation of industry rules on opening an account, as same-day approval is not possible for new accounts or options trading.
[D] As long as options-related information and the ODD are sent prior to the confirmation of the new customer's first trade, the RR has acted appropriately.

answer; /// that is so (false);

answer; planning;

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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.