The tempeh industry will move from long-run equilibrium at a price of $5 per pound of tempeh and a quantity of 175 million pounds per year to a new long-run equilibrium at a lower price and a lower quantity.
The likely outcome of the foodie video blogger raising awareness for a scholarly article that links tempeh consumption to premature hair loss and unhealthy skin is that the demand for tempeh will decrease. This decrease in demand will cause the price of tempeh to decrease and the quantity of tempeh demanded to decrease as well. As a result, the tempeh industry will move from long-run equilibrium at a price of $5 per pound of tempeh and a quantity of 175 million pounds per year to a new long-run equilibrium at a lower price and a lower quantity.
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