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Suppose that the tuna industry is in long-run equilibrium at a price of $5 per can of tuna and a quantity of 150 million cans per year. Suppose that the Centers for Disease Control (CDC) announces that a chemical found in tuna is causing bacterial infections to spread around the world.

The CDC's announcement will cause consumers to demand _________tuna at every price. In the short run, firms will respond by __________

Respuesta :

Answer:

less

producing less & incurring loss

Explanation:

Due to the announcement by the CDC, residents would want to avoid consuming tuna. this would lead to a reduction in the demand for tuna. This would lead to a leftward shift of the demand curve for tuna

in the short run, some factors of production are variable, while at least one factor of production is fixed.

the firms would respond by reducing the quantity of tuna supplied

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