Ms. fresh bought 1,000 shares of ibis corporation stock for $5,000 on january 15, 2017. on december 31, 2019, she sold all 1,000 shares of her ibis stock for $4,500. based on a hot tip from her friend, she bought 1,000 shares of ibis stock on january 23, 2020, for $3,000. what is ms. fresh's recognized loss on her 2019 sale, and what is her basis in her 1,000 shares purchased in 2020a. $-0- ltcl and $3,500 basisb. $200 ltcl and $3,300 basisc. $300 ltcl and $3,200 basisd. $400 ltcl and $3,100 basise. $500 ltcl and $3,000 basis

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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.