Poor Sarah Jane not only had a short-lived marriage but found out that her supposedly $45,000 ring was worth only half that amount. It seems that the jeweler had misrepresented the value to her now ex-husband. Sarah Jane brings an action against the jeweler for breach of an express warranty. Does she have the ability to sue even though she was not the purchaser? [Schaurer v. Mandarin Gems of California, Inc., 125 Cal. Rptr. 4th 949 (2005).]

answer; i believe the correct answer is (a) purchase of treasury stock;

answerskimming;

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.