Record the following transactions on the books of Oriole Company (Omit cost of goods sold entries.) (Credit account titles are automatically indented when amount is entered. Do not indent manually.)(a) On July 1, Oriole Company sold merchandise on account to Stacey Inc. for $22,700, terms 4/10, n/30.(b) On July 8, Stacey Inc. returned merchandise worth $2,200 to Oriole Company.(c) On July 11, Stacey Inc. paid for the merchandise. No. DateAccount Titles and ExplanationDebitCredit(a) July 1July 8July 11(b) July 1July 8July 11(c) July 11

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.)