On June 27, 2018, Cara Van Travel distributed to its common shareholders 400,000 outstanding common shares of its investment in Constance Noring Pillows. The book value on Van’s books of Noring’s $1 par common stock was $2 per share. Immediately after the distribution, the market price of Noring’s stock was $2.50 per share. In its income statement for the year ended June 30, 2020, what amount should Noring report as gain on disposal of the stock? (ignore taxes).

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answer; ///pegged exchange rate with the united states;

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.