Identify the true statements from the following. (Check all that apply.) Multiple select question. Services often have more labor content than manufacturing jobs do. Providing services is less costly because it does not require maintenance or storage of inventory. Because of reliance on suppliers, production of goods is often subject to higher variability than services are. Services often have a higher degree of customer contact than manufacturing does. Quality assurance can be challenging in services because of the variation in types of servi

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.)