Suppose that the seitan industry is initially operating in long-run equilibrium at a price level of $5 per pound of seitan and quantity of 50 million pounds per year. Suppose a leading foodie video blogger raises awareness for a scholarly article that links seitan consumption to premature hair loss and unhealthy skin.

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Chapter3: Demand Analysis
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Suppose that the seitan industry is initially operating
in long-run equilibrium at a price level of $5 per
pound of seitan and quantity of 50 million pounds
per year. Suppose a leading foodie video blogger
raises awareness for a scholarly article that links
seitan consumption to premature hair loss and
unhealthy skin.
Transcribed Image Text:Suppose that the seitan industry is initially operating in long-run equilibrium at a price level of $5 per pound of seitan and quantity of 50 million pounds per year. Suppose a leading foodie video blogger raises awareness for a scholarly article that links seitan consumption to premature hair loss and unhealthy skin.
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