Patty's Patties produces frozen hamburger patties that are sold in stores across the country. Assume the market for such patties is perfectly competitive, with hundreds of suppliers all processing ground beef into hamburger patties. Consider how Patty's Patties should respond to each of the following developments in the market, in both the short run and long run. How should Patty adjust the number of patties she produces, and how are her profits affected? (a) An increase in publicity about the health benefits of vegetarian and vegan reduces the number of hamburger patties the average person consumes by 20% permanently. (b) In an attempt to reduce incidence of high cholesterol and heart disease, the legislature of the state in which Patty's Patties operates imposes a tax equal to 50% of the market price