haircuts are an example of inelastic supplu true or false

Answers

Answer 1

Answer: False

Explanation:

The elasticity of Supply refers to how each supplier can respond to a change in price by changing how much he produces. If a business can´t change its output level quickly, the supply is inelastic.

A company that provides haircuts is an example of a highly elastic supply because haircut suppliers can easily expand or reduce production.

An increase in the price of haircuts can lead to an increase in the quantity supplied, even in the short term. If the price of haircuts rises, hair salons can quickly hire new personnel or extend the working hours, and new salons could open.

And, in the case of a drop in the price of haircuts, they can reduce the working hours, and some will leave the market for a job somewhere else, so the supply can also fall quickly.


Related Questions

how would you characterize the Carter administration's foreign policy? Was it effective?

Answers

Answer:

He negotiated the Torrijos–Carter Treaties, which provided for the return of the Panama Canal to Panama in 1999. In an effort to end the Arab–Israeli conflict, he helped arrange the Camp David Accords between Israel and Egypt. Carter clearly defined the foundation of his foreign policy: “Our policy is based on an historical vision of America's role. Our policy is derived from a larger view of global change. Our policy is rooted in our moral values, which never change. Our policy is reinforced by our material wealth and by our military power.

Explanation:

The greatest foreign policy success of the Carter presidency involved the Middle East. After the Yom Kippur War of 1973 between Israel and its Arab enemies, Egypt and Syria, the Israelis had gradually disengaged their forces and moved a distance back in the Sinai Peninsula.                                                                              .                                               HOPE IT WAS HELPFUL TO YOU

True or False: President Johnson was impeached for violating the Tenure of Office Act, which he viewed as unconstitutional.

Answers

Answer: True

Explanation:

President Johnson had repeatedly clashed with Congress on the way forward with regards to the treatment of the newly freed African Americans and one such result was the passage of the Tenure of Office Act.

Under this Act, the President could not terminate the employment of a cabinet member unless approved by Congress. Johnson had been clashing with his Secretary of War,  Edwin M. Stanton, who was liked by the Republicans who controlled Congress.

When the Johnson suspended Stanton without telling Congress they had him impeached for violating the Tenure of Office Act.

How did migrant labour system affect the family lives in the community? ​

Answers

Answer:

The system of migrant work resulted in the fatherlessness of fathers who worked in low pay jobs in the city and are returned to their homes only once a year.

Explanation:

Apartheid architects made taverns easy for migrant workers to access. This resulted in those men spending all their money on the taverns as a way of discouraging them from sending money home due to the frustrating, terrible conditions under which they worked.

Economic climate requires both men and women to work to supplement revenue, with a large number of black women leaving their homes to find a better future in the city.

These young women raise their children alone in towns, contrary to the African saying: a village needs to raise children.

The system of migrant work resulted in the fatherlessness of fathers who worked in low pay jobs in the city and are returned to their homes only once a year.

2. Civil rights are enforceable rights or privileges guaranteed by the US Constitution or other laws or statues.
True
False

Answers

Answer: TRUE

Explanation:

Yes they are guaranteed by the United States Constitution and further guaranteed by the civil rights laws are passed in the 1950s and 60s as well as the civil rights act that was passed in the 1960s

(Civil rights act of 1964)

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