Which statement best illustrates a cause of government failure as it relates to economics and markets? A) the situation in which rebels overtake an established government

B) when the incentives of government officials do not allign with public interest

C) a failure of governments to meet budgetary needs

D) cessation of government business due to lack of funding

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.)