Anon-statistician would like to know: "what is the average price of a house in franklin county, oh? " we took a random sample of 100 houses in this county, and found the average to be $120,128 with a population standard deviation of $50,324. use the sample data to provide an answer to the question. write your answer as a sentence.

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.)