Answers
Consumers to demand MORE chicken .
In the short run firms will respond by producing more chicken and earning positive profits.
Reason- So in the short run Demand curve shifts to the right.
In the long run firms will respond by entering the industry until each firm in the industry is once again earning zero profit.
Reason- In the long run Supply curve will shift to the right.
S P PA D A.
Supply Price Newysupply ES New Demand Demand Quantity
.
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