Margaret lindley paid $15,170 of interest on her $301,700 acquisition debt for her home (fair market value of $501,700), $4,170 of interest on her $30,170 home-equity loan, $1,170 of credit card interest, and $3,170 of margin interest for the purchase of stock. assume that margaret lindley has $10,170 of interest income this year and no investment expenses. how much of the interest expense may she deduct this year?

answer; dogs;

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.

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