Acognitive psychologist believes that people learn better when they spread out their studying over several days, so she creates a study with three groups of participants. each group studies the same list of 120 chinese vocabulary words (none of the participants had studied chinese before. one group studies the words for 20 minutes on the first day. the second group studies the words for 20 minutes on the first and second days. the last group studies the words for 20 minutes on the first, second, and third days. on the fourth day, all of the participants are tested on how well they

answer(d) the growth of consumption is likely to remain sluggish even as the economy begins to recover.;

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.