Jack Tripper of California and Larry Dallas of New Jersey entered into a sales contract involving goods valued at $350. Tripper refused to ship the goods and Dallas had to buy them from someone else for $100 more. Dallas claims he can now sue Tripper in federal district court. Is Dallas correct? Select YES or NO

THEN:

Select ONE legal reason to support your answer

a. YES
b. NO
c. Breach of contract cases can always be heard in federal court.
d. Only patent, copyright, and bankruptcy cases can be brought in federal court.
e. Cases involving citizens of different states can always be heard by federal district courts.
f. Cases involving citizens of different states can be heard in federal court only if the amount in question exceeds $75,000.

i would say their habit of breaking down.

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.

after cutting wages and benefits in order to increase profit .

apex~