At January 1, 2021, Barella Company was indebted to Vecino Bank under a $600,000, 5% note. The note was signed January 1, 2018, and was due December 31, 2022. Annual interest was last paid on December 31, 2019. Barella was experiencing severe financial difficulties and negotiated a restructuring of the terms of the debt agreement. Vecino Bank agreed to reduce last year's interest and the remaining two years' interest payments to $40,429 each and delay all payments until December 31, 2022, the maturity date. How much interest expense should Barella report approximately for 2022?

what is the actual question i have no idea how to answer this w/o a question

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.