What is the best way to afford a $3,000 vacation if you do not have the extra cash available or accessible? 1. borrow it from your emergency fund

2. use your monthly budget money

3. use credit cards and incur short-term debt

4. increase savings each month and put it in a specific account

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.)