The balance sheet of indian river electronics corporation as of december 31, 2020, included 12.75% bonds having a face amount of $90.2 million. the bonds had been issued in 2013 and had a remaining discount of $3.2 million at december 31, 2020. on january 1, 2021, indian river electronics called the bonds before their scheduled maturity at the call price of 101. required: prepare the journal entry by indian river electronics to record the redemption of the bonds at january 1, 2021. (if no entry is required for a transaction/event, select "no journal entry required" in the first account field. enter your answers in whole dollars.)

answer; purpose nondisclosure;

answer; (c) communism and socialism;

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.