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Short run and long run effects of a shift in demand B. Short-run and long-run effects of a shift in demand pose that the tempeh

Short run and long run effects of a shift in demand

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B. Short-run and long-run effects of a shift in demand pose that the tempeh industry is inca rating in long-run equilibrium at a price level of $5 per pound of tempeh and quantity of 125 marion dis per year. Suppose that the Food and Drug Adm amon (FDA) reports that compounds naturally occurring in tempeh are linked to chronic The FDA'S research is expected to cause co tempeh at every price. In the short run, firms will respond by shift the demand curve, the supply curve, or both on the following praph to mustrate these short-run effects of the FDA's research. In the long run, some firms will resp and by urea hand curve, the supply curve, or both on ustrate both the short run effects of the FDA's research and the new ebrium after firms and co sting to the news PRICE (Dolan pur posing The new equaltrium price and quar a king-run supply carve in this in in the long run

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