Type the correct answer in the box. Spell all words correctly. In which franchise model does the franchisee sell varied brands manufactured by different manufacturers (franchisors)?
In case of the
franchise model, a franchisee does not exclusively sell a single brand but a variety of brands manufactured by
different franchisors.

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.)