Stringer Bell sells two products, red candy for $4 and yellow candy for $5. In a typical hour, 5 customers will buy only red candy and 4 customers buy only yellow candy, but there are 2 people who buy both. After asking around, Stringer Bell learns that the red-candy buyers would also buy yellow candy if it were to cost $2, and yellow-candy buyers would also buy red candy if they were sold for $2. Stringer Bell considers selling red and yellow candy together in a bundle, in addition to selling them separately at the original prices. What is the optimal price of the bundle

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.)