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In the long run, some firms will respond by until Shift the demand curve, the supply curve, or both on the following graph to illustrate both the short-run effects of the CDC's announcement and the new long-run equilibrium after firms and consumers finish adjusting to the news. 10 to Supply Demand CO Supply PRICE (Dollars per pound) Demand 2 50 100 150 200 250 300 350 400 450 500 QUANTITY (Millions of pounds) The new equilibrium price and quantity suggest that the shape of the long-run supply curve in this industry is in the long run. Grade It Now Save & Continue Continue without saving