5 . The long-run supply curve in different cost industries The following graph shows the market for orange juice. Initially, the market is in a long-run equilibrium. Suppose that a change in tastes resulted in a rightward shift in demand. On the following graph, shift the demand or supply curve to reflect this change in tastes. Then use the grey point (star symbol) to indicate the new short-run equilibrium. Note: Select and drag one or both of the curves to the desired position. Curves will snap into position, so if you try to move a curve and it snaps back to its original position, just drag it a little farther. 10 O Short-Run Supply Demand O Short-Run Supply PRICE (Dollars per litre) Short-Run Equilibrium Demand Long-Run Equilibrium 0 2 6 10 Long-Run Supply QUANTITY (Thousands of litres)In the short run, firms will . In the long run, the supply curve will On the preceding graph, show the shift in the supply curve and then use the purple point (diamond symbol) to indicate the resulting new long- run equilibrium. Comparing the two long-run equilibria on the graph, you can see that the orange juice market is an example of On the preceding graph, use the green line (diamond symbols) to plot the long-run market supply curve for orange juice.In the short run, firms will . In the long run, the supply curve will earn economic profits On the preceding graph, sh curve and then use the purple point (diamond symbol) to indicate the resulting new long- suffer economic losses run equilibrium. Comparing the two long-run equilibria on the graph, you can see that the orange juice market is an example of On the preceding graph, use the green line (diamond symbols) to plot the long-run market supply curve for orange juice.In the short run, firms will . In the long run, the supply curve will shift leftward On the preceding graph, show the shift in the supply curve and then use the purple point (diame e the resulting new long- shift rightward run equilibrium. remain unchanged Comparing the two long-run equilibria on the graph, you can see that the orange juice market is an example of On the preceding graph, use the green line (diamond symbols) to plot the long-run market supply curve for orange juice.In the short run, firms will . In the long run, the supply curve will an increasing-cost industry a high-cost industry On the preceding graph, show the shift in the supply curve and then use the purple point (diamond symbol) to i a decreasing-cost industry - run equilibrium. a low-cost industry Comparing the two long-run equilibria on the graph, you can see that the orange juice market is an example of On the preceding graph, use the green line (diamond symbols) to plot the long-run market supply curve for orange juice