Suppose that the turkey industry is in long-run equilibrium at a price of $5 per pound of turkey and a quantity of 400 million pounds per year. Suppose the Surgeon General Issues a report saying that eating turkey is bad for your health. The Surgeon General's report will cause consumers to demand turkey at every price. In the short run, firms will respond by Shift the demand curve, the supply curve, or both on the following diagram to Wustrate these short-run effects of the Surgeon General's report. In the long run, some firms will respond by until until .. Shift the demand curve, the supply curve, or both on the following dlagram to Wustrate both the short-run effects of the Surgeon General's report and the new long-run equWbrium after firms and consumers adjusting to the news.

Support Whut the turkey industry & Is king-fon squlor.m at a price of $3 per pound of turkey and a quining or 420 million sounds per year. Suppose win Sungsan Gaferal Issuch a report saying that eating turkey is Bad for your health. The Surgeon General's report Wil eline consumers to demand Turkey al every price. In the short run, Arms wil respond By Shift the demand curve, the supply curve. or both of the following diagram to wustrace these short-row emacts of the Surgeon General's report. O Dariand Supply PRICE (Dollars per pound] QUANTITY (Mliens of pound:) in the long run, same firms will respond by J . Shit the demand curve, the supply curve, or both of the folowing diagrams to Justone both the short-ron affects of me Surgeon General's part and the new king-res aquarion ster fame and consumers fhim adjusting in the FeesShift the demand curve, the supply curve, or butt of the folowing disgrace to Justone both the short-mon affectsof ing Surgeon General' sport and the new king-roe equipdun ster fame and consumers him adjusting to the news Supply Supply PAK Dollars per Pound) QUANTITY (era of pounds) The new equill brium price and quantity suppest that the shape of the lonp-run supply curve In this Industry Is In the long run