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Business, 22.06.2019 19:40 QueenNerdy889

An increase in the market price of​ men's haircuts, from ​$16 per haircut to ​$26 per​ haircut, initially causes a local barbershop to have its employees work overtime to increase the number of daily haircuts provided from 20 to 25. when the ​$26 market price remains unchanged for several weeks and all other things remain equal as​ well, the barbershop hires additional employees and provides 40 haircuts per day. what is the​ short-run price elasticity of​ supply? nothing ​(your answer should have two decimal places.​) what is the​ long-run price elasticity of​ supply? nothing ​(your answer should have two decimal places.​)

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An increase in the market price of​ men's haircuts, from ​$16 per haircut to ​$26 per​ haircut, init...
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