Haircuts are an example of inelastic supplu true or false

False

Explanation:

The elasticity of Supply refers to how each supplier can respond to a change in price by changing how much he produces. If a business can´t change its output level quickly, the supply is inelastic.

A company that provides haircuts is an example of a highly elastic supply because haircut suppliers can easily expand or reduce production.

An increase in the price of haircuts can lead to an increase in the quantity supplied, even in the short term. If the price of haircuts rises, hair salons can quickly hire new personnel or extend the working hours, and new salons could open.

And, in the case of a drop in the price of haircuts, they can reduce the working hours, and some will leave the market for a job somewhere else, so the supply can also fall quickly.

the industrial revolution pushed the world into modern industrialization. it changed the course of history profoundly. it caused rapid urbanization and pushed cities and countries into development. the industrial revolution began in great britain with a series with new inventions which led to the creation of machines and mass production.

this caused the country to gain wealth and money and become an international superpower. it improved transportation and manufacturing inside the country, pushed people to live in urban areas and britain to become the most powerful nation in the world for a while.