1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
UNO [17]
2 years ago
7

Haircuts are an example of inelastic supplu true or false

History
1 answer:
mr Goodwill [35]2 years ago
7 0

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.

You might be interested in
Legislators from a one-party state will mostly represent the dominant party.<br><br> True<br> False
katen-ka-za [31]
<span>Legislators from a one-party state will mostly represent the dominant party.

True
False



True -  They have to otherwise their position will be abolished</span>
6 0
2 years ago
HELPPP 20 POINTS
galben [10]
B. people could easily repair goods:))
3 0
2 years ago
Read 2 more answers
PLEASE HURRYYYYY Andrew Jackson had a very interesting past. This past made him popular with many Americans at the time. Which o
guajiro [1.7K]
He was not a war hero from the civil war
6 0
2 years ago
Why does NASA publish a different Star Finder every month?
aleksandrvk [35]
“We see different views of the Universe from where we live as Earth makes its yearly trip around the solar system. That is why we have a different Star Finder for each month, as different constellations come into view.”
6 0
2 years ago
What do the Anasazi and Maya cultures both have in common
murzikaleks [220]
Calendar making.

Both used the sun to track the movement of the seasons and time very accurately with intricately made solar calendars using markings made on temple walls.

5 0
2 years ago
Other questions:
  • Which advantage is not enjoyed by the owner of a sole proprietorship?
    13·2 answers
  • Which authority did religious and secular leaders in the Middle Ages contest
    10·2 answers
  • Central America is which?<br> A. a continent<br> B. an isthmus<br> C. a peninsula<br> D. a plateau
    13·2 answers
  • Who was Annie Oakley? How is she remembered? What was her cause of death? PLEASE HELP!!!
    14·1 answer
  • Who is responsible for the holocaust? Do people have a responsibility to respond to injustice?
    7·2 answers
  • In 1792, the _____ abolished the French monarchy and established a republic.
    6·1 answer
  • I need helppppppppppppppppppppppppppppppppppp
    6·1 answer
  • Which statement is an example of an opinion? Canada is the largest country in total area in North America. South Africa is the s
    12·2 answers
  • The Battle of Fort Sumter and Lincoln's election were the tipping point for the relationship between the North and South.
    10·1 answer
  • Sam asks his coworker Abdul to cover him because he must leave early for his daughter’s celebration. Surprised, Abdul asks, “She
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!