# Elasticity of supply for haircuts

1) If the price elasticity of demand for used cars priced between \$3,000 and \$5,000 is Ac€?o1.2 (using the mid-point method), what will be the percent change in quantity demanded when the price of a used car falls from \$5,000 to \$3,000?

2) Suppose that when the price of peanut butter rises from \$2 to \$3 per jar, the quantity of jelly purchased falls from 20 million jars to 15 million jars.
Instructions: Round your answer to three decimal places and include a negative sign if appropriate.
The cross-price elasticity of demand between peanut butter and jelly using the midpoint method is_________.

3)If the price of a haircut is \$15, the number of haircuts provided is 100. If the price rises to \$30 per haircut, barbers will work much longer hours, and the supply of haircuts will increase to 300.

The price elasticity of supply for haircuts between \$15 and \$30 using the mid-point method is _______.

## Calculate the price of your order

550 words
We'll send you the first draft for approval by September 11, 2018 at 10:52 AM
Total price:
\$26
The price is based on these factors:
Number of pages
Urgency
Basic features
• Free title page and bibliography
• Unlimited revisions
• Plagiarism-free guarantee
• Money-back guarantee
On-demand options
• Writer’s samples
• Part-by-part delivery
• Overnight delivery
• Copies of used sources
Paper format
• 275 words per page
• 12 pt Arial/Times New Roman
• Double line spacing
• Any citation style (APA, MLA, Chicago/Turabian, Harvard)

# Our guarantees

Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.

### Money-back guarantee

You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.

### Zero-plagiarism guarantee

Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.

### Free-revision policy

Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.