Use Exhibit to answer question. As we move from point A to point D, a. the opportunity cost of eggs in terms of bacon is constant. b. the opportunity cost of eggs in terms of bacon falls. c. the economy becomes less efficient. d. the economy becomes more efficient. e. the opportunity cost of eggs in terms of bacon rises.

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.)