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8. Short-run and teng-rum effects of a shift in ifemand Suppose that the seitan industry is intialy operating in long-rin equilerium at a price level
8. Short-run and teng-rum effects of a shift in ifemand Suppose that the seitan industry is intialy operating in long-rin equilerium at a price level of 35 per pound of seitant snd quantity of 125 filion peunds per vedr suppose a cop medical journal publithes rescarch that arimai-stemative probeit esurces such as seitan could ineredes rour expected Tespan by 6 year. The publication is crpected to cayse contumeis sa-der and seitan at mury price. In the short run, firms wit restond Shit the cermand eurwe, the supyy e Shif the demand curve, the supply curve, or both on the following graph to lifustrate both the short-run elfects of the publication and the new longran equinorium after firms and consumers finish adjusting to the news. The new equilibrium price and quantity suggest that the shape of the lang-run supply curve in this industry is run. 8. Short-run and teng-rum effects of a shift in ifemand Suppose that the seitan industry is intialy operating in long-rin equilerium at a price level of 35 per pound of seitant snd quantity of 125 filion peunds per vedr suppose a cop medical journal publithes rescarch that arimai-stemative probeit esurces such as seitan could ineredes rour expected Tespan by 6 year. The publication is crpected to cayse contumeis sa-der and seitan at mury price. In the short run, firms wit restond Shit the cermand eurwe, the supyy e Shif the demand curve, the supply curve, or both on the following graph to lifustrate both the short-run elfects of the publication and the new longran equinorium after firms and consumers finish adjusting to the news. The new equilibrium price and quantity suggest that the shape of the lang-run supply curve in this industry is run
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