Consider the following data for 2008 in a small suburban community:

1. number of accidents: 360 fatal 10 injury 36 pdo 314
2. number of fatalities 15
3. area population: 50,000
4. registered vehicles 35,000
5. annual vmt: 12,000,000
6. average speed 30 mi/hr

compute all relevant exposure and population based accident and fatality rates for this data. compare these to national norms for the current year. (hint: use the internet to location current national norms)

idk just tryinna get some points skskksksks

answer: in the short-run firms will respond by raising the price of turkey.

explanation: initially the long-run equilibrium is at a price of $5 per pound of turkey and a quantity of 50 million pounds per year. now, when webmd claims that a protein found in turkey will increase your expected lifespan by 4 years. the consumers demand for turkey will increase at every price shifting the demand curve to the right from d1 to d2. while, there will be no change in the supply curve in the short-run as it is not possible for producers to adjust supply so quickly. as a result the new equilibrium will occur at a higher price and a higher quantity of turkey.

thus, in the short run firms will respond by increasing the price of turkey, selling more quantity at a higher price and earning economic profits.