Brenda is a marketing student, doing some part-time work on the side small businesses create and operate their websites. she is meeting with kat, the owner of a muddy’s coffee shop near her university, to discuss a wide assortment of tasks that would need to be performed in order to create an effective website for the store. while there are many steps, brenda explains that website design can basically be broken down into four phases: (1) planning, (2) design, (3) development, and (4) testing and launch.

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.)