This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: After long hair for men became popular, barbers found that their incomes fell. In an attempt to ... (Read 18 times)

Chelseaamend

  • Hero Member
  • *****
  • Posts: 545
on: May 24, 2019
After long hair for men became popular, barbers found that their incomes fell. In an attempt to boost their incomes, many barbers raised the price of a haircut and yet their total revenue fell even more. What can explain this result?
◦ The demand for haircuts by barbers is elastic because of many substitutes.
◦ The demand for haircuts by barbers became inelastic after the increase in price.
◦ Haircuts are inferior products.
◦ The demand for haircuts by barbers is inelastic because most people need haircuts.
◦ None of these can explain the phenomenon.
Foundations of Microeconomics ¦ Bade, Parkin ¦ 8th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by Chelseaamend on May 24, 2019

Laurenleakan

  • Sr. Member
  • ****
  • Posts: 309
Reply #1 on: May 24, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 25% of students answer this correctly


Chelseaamend

  • Member
  • Posts: 545
Reply 2 on: May 24, 2019
Wow, this really help

blakcmamba

  • Member
  • Posts: 335
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

Illness; diuretics; laxative abuse; hot weather; exercise; sweating; caffeine; alcoholic beverages; starvation diets; inadequate carbohydrate consumption; and diets high in protein, salt, or fiber can cause people to become dehydrated.

Did you know?

Less than one of every three adults with high LDL cholesterol has the condition under control. Only 48.1% with the condition are being treated for it.

Did you know?

Amoebae are the simplest type of protozoans, and are characterized by a feeding and dividing trophozoite stage that moves by temporary extensions called pseudopodia or false feet.

Did you know?

The first successful kidney transplant was performed in 1954 and occurred in Boston. A kidney from an identical twin was transplanted into his dying brother's body and was not rejected because it did not appear foreign to his body.

Did you know?

Studies show that systolic blood pressure can be significantly lowered by taking statins. In fact, the higher the patient's baseline blood pressure, the greater the effect of statins on his or her blood pressure.

The roles of transpiration, cohesion, adhesion, and tension in long-distance water transport. The roles of transpiration, cohesion, adhesion, and tension in long-distance water transport.
Varieties of Long-Term Memory Varieties of Long-Term Memory
Brush off the back. Apply several long brushing strokes from head to hips to finish the session. Brush off the back. Apply several long brushing strokes from head to hips to finish the session.
Elements Found in Organisms Elements Found in Organisms
Composition of a long bone Composition of a long bone
C heck the description bcuz the question is too long. there is a file attached but it is the ... C heck the description bcuz the question is too long. there is a file attached but it is the ...
Video: What is an ecosystem?

For a complete list of videos, visit our video library