Donna, a single taxpayer, purchased an antique rug for $20,000 on April 1, 2015. On November 8, 2019, she sold the rug for $25,000. Donna's 2019 taxable income is $185,000, so her marginal tax rate is 32%. Donna's gain on the sale of the rug will be taxed at a rate of: a. 15% b. 20% c. 28% d. 32%

An increase in the market price of men's haircuts, from $16 per haircut to $26 per haircut, initially causes a local barbershop to have its employees work overtime to increase the number of daily haircuts provided from 20 to 25. when the $26 market price remains unchanged for several weeks and all other things remain equal as well, the barbershop hires additional employees and provides 40 haircuts per day. what is the short-run price elasticity of supply? nothing (your answer should have two decimal places.) what is the long-run price elasticity of supply? nothing (your answer should have two decimal places.)