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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.

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What did FDR promise that caused people to vote overwhelmingly for him?
Marizza181 [45]

Answer: He promised the nation a "New deal" a way to help protect the nation from another Great Depression.

Explanation: The programs focused on what historians refer to as the "3 Rs": relief for the unemployed and poor, recovery of the economy back to normal levels, and reform of the financial system to prevent a repeat depression.

7 0
3 years ago
How does a natural monopoly function
Zinaida [17]

Answer:

noun

1.

the exclusive possession or control of the supply of or trade in a commodity or service.

"his likely motive was to protect his regional monopoly on furs"

2.

TRADEMARK

a board game in which players engage in simulated property and financial dealings using imitation money. It was invented in the US and the name was coined by Charles Darrow c. 1935.

Explanation:

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2 years ago
Read 2 more answers
During the American Revolution, why did<br> the country go into so much debt?
Vinil7 [7]

Answer:

Hope this helpedd have a great day

Explanation:

The United States had piled up a huge national debt during the American Revolution. But since the federal government could not collect taxes, it was unable to pay the debt and put the country on a sound economic footing. The government even lacked the means for raising money to provide for the National Defence.

5 0
3 years ago
Things people had to do during the Great Depression
masha68 [24]

Answer:

history.com/news/life-for-the-average-family-during-the-great-depression

Explanation:

8 0
2 years ago
How did people redefine the word “American” during the 20th century?
Yanka [14]

Answer:

The 20th century was a time of enormous changes in American life. The beginning of the 21st century seems a suitable time to look back over the past 100 years and see how the United States has developed, for better and worse, during that period of its history.

In the early decades of the 20th century the American people benefited from industrial growth while also experiencing its adverse effects. Cheap labor and assembly-line manufacturing made mass production possible. Railroad networks carried the mass-produced goods, many of them the result of new technologies, around the country. Montgomery Ward, J.C. Penney, and other retailers expanded their operations and laid the foundation for the consumer-driven society that evolved later in the century. Materially, city dwellers' standards of living improved steadily, not only in food, shelter, housing, and other material goods, but also in health care and education. Inexpensive books, magazines, newspapers, and improved public libraries, funded in part through the benevolence of Andrew Carnegie, contributed to their intellectual lives. Sexual fulfillment in marital relationships continued to gain importance, and family life increasingly reflected the ideals of companionship. Silent films and amateur and professional sports helped fill leisure time. The Boy Scouts and Girl Scouts, founded in 1908 and 1910, provided recreational and educational opportunities for children.

Determined to make the most of the nation's abundant natural, human, and financial resources, the government supported industrial growth by enacting protective tariffs, welcoming throngs of immigrants, providing railroad subsidies, maintaining a patent system, and looking the other way when abuses occurred. Advocates of Social Darwinism's "survival of the fittest" principles and believers in the doctrine of laissez-faire encouraged a climate resistant to government intervention on behalf of disadvantaged workers and victims of racial, ethnic, or gender discrimination

I found this on the internet. I hope it helped you.

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2 years ago
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