Example 2: You have a stand in the farmer's market and you sell sweet potatoes. In the beginning, you are in long-run equilibrium. (a) How do you know what price to choose for your product? (b) Which graph shows your situation better? Can you show the profits on the graph? (c) Draw the equilibrium conditions for the industry. (d) A new article distributed widely on Facebook talks about benefits of eating sweet potatoes. What happens to the demand for sweet potatoes? What happens to equilibrium price in short-run? (e) Which graph shows your situation better? Can you show the short-run profits on the graph? (f) What happens to supply of sweet potatoes in the long-run? What happens to the equilibrium price? What happens to your profit