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fiasKO [112]
3 years ago
8

Suppose that the market for haircuts in a community is perfectly competitive and that the market is initially in long-run equili

brium. Subsequently, an increase in population increases the demand for haircuts. In the short run, we expect that the market price will ________ and the output of a typical firm will ________.
Choose one answer.
a. fall; rise
b. rise; fall
c. fall; fall
d. rise; rise
Business
1 answer:
Sonja [21]3 years ago
7 0
D is the correct Answer bro
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The percentage of the disposable income that is discretionary is equal to 30.82% if the amount left after fixed expenses is $900.

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Now we can calculate the percentage of disposable income that is discretionary as follows;

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