Assume thаt bаrber shоps оperаte in perfectly cоmpetitive product and factor markets. Which of the following will happen to working barbers if the price of haircuts decreases?
Find the y-intercept оf 0.5x+0.3y=1.50. A. (0,5)B. (5,0)C. (0,3)D. (3,0)