The price elasticity of supply for haircuts

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If the price of a haircut is $12, the number of haircuts provided is 100. If the price rises to $18 per haircut, barbers will work much longer hours, and the supply of haircuts will increase to 300. Instructions: Round your answer to two decimal places.

The price elasticity of supply for haircuts between $12 and $18 using the mid-point method is ___

Reference no: EM131166328

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