Question: Attempts Keep the Highest ( 1 / 5 ) 5 . Short - run and long - run effects of a shift in

Attempts Keep the Highest \(1/5\)
5. Short-run and long-run effects of a shift in demand
Suppose that the tritezene industry is initially operating in long-run equilibrium at a price level of \(\$ 6\) per pound of tritezene and quantity of 216 million pounds per year. Suppose a top medical journal publishes research that animal-alternative protein sources such as tritezene could increase your expected lifespan by 5 years.
The publication is expected to cause consumers to demand tritezene at every price. In the short run, firms will respond by
Attempts Keep the Highest \ ( 1 / 5 \ ) 5 . Short

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