Sudoku Company issues 28,000 shares of $6 par value common stock in exchange for land and a building. The land is valued at $235,000 and the building at $377,000. Prepare the journal entry to record issuance of the stock in exchange for the land and building.

answer; rapid growth in buyer demand and high buyer switching cost;

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.