There is a literal backtick (`) here in a code within a p. only the code is in the p block.

This is code in a p block. but within the same p block there is text

now the text prepends: This code block.

AND now the text prepends: This code block and comes after it too.

this code and only this code is in a pre block. WOOT!

this code is in a pre block on a new line.
and another line
    and spaces in another line.  we omit the first newline

foo

A single backtick in a code span: `