Mathematics, 23.03.2020 16:52 eddyy5900
An increase in the market price of men's haircuts, from $18 per haircut to $28 per haircut, initially causes a local barbershop to have its employees work overtime to increase the number of daily haircuts provided from 35 to 40. When the $28 market price remains unchanged for several weeks and all other things remain equal as well, the barbershop hires additional employees and provides 55 haircuts per day.
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An increase in the market price of men's haircuts, from $18 per haircut to $28 per haircut, initiall...
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