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Short-run price of elasticity of supply

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Reference no: EM131651659

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 it's 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 an all other things remain equal as well, the barbershop hires additional employees and provides 40 haircuts per day. What is the short-run price of elasticity of supply rounded to 2 decimals.

Reference no: EM131651659

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