Thomas is in charge of taking formal minutes during an institute of internal auditors chapter meeting. which of the following is the best advice for him to follow as he prepares these minutes? a. omit his name and signature as the person recording the minutes because he is acting on behalf of the organization.
b. record only new business because old business will appear in previous minutes.
c. record voting results and actions taken.
d. avoid using the exact wording of motions because that would be too time consuming.

answer///a road map;

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.