Within society there exists the use of primitive cultural myths and rituals which are exploited in advertising. Locate and attach a minimum of 2 advertisements and describe what country of origin the myth or ritual evolved from and its original meaning as well as the intent/purpose of its modern day use in the advertisement(s). Why do advertisers use these ancient/historical ideas or concepts

answer; importance to people; or acceptance;

answerit is the safest endorsement for business;

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.