Saint claire adams was hired by circuit city as a sales counselor. when he was hired he signed an employment contract that included a mandatory arbitration clause. two years later he filed a suit against circuit city for discrimination in the work- place. circuit city moved to have the suit dismissed because of the arbitration requirement. mr. adams responded that he has certain rights under title vii of the federal anti-discrimination laws that cannot be taken away through an arbitration clause. is he correct?

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.)