The european specialty company, which prepares its financial statements under ifrs, has reported income before taxes of $1,300 on its financial statements and taxable income of $900. the $400 difference is due exclusively to a gain recognized for financial statement purposes in the current year that will be taxed 3 years later. the company is subject to a tax rate of 25% in the current year and, based on enacted tax law, will be subject to tax at the rate of 35% in the year in which the $400 will be taxable. after the date of the financial statements, but prior to their issuance, the future tax rate was reduced from 35% to 30%. what amount of deferred tax liability will european specialty recognize in its current financial statements?

i think the answer is a. science center.

answer$225.00;

answer/// sequence of operations that requires the longest time for completion';

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.