Sally, a resident of Scandia, goes to a salon for a haircut. The haircut which usually costs $50 now costs $40. Sally was confused and curious to know why despite no discounts being offered at the salon she could get the haircut at a lower price. She also notices that the prices of all the goods and services in Scandia has decreased. Which situation is taking place in the economy?DeflationDisinflationStagflationInflation

Scissors, a local hair salon, practices a known form of price discrimination by chargingstudents and senior citizens a discounted price of R80.00 for a haircut, while all other regularcustomers are charged R120.00 per cut. With the aid of a graphical illustration, identify thetype of price discrimination practiced and explain the firm’s pricing strategy to maximiseprofits.

Aisha is willing to spend $60 for a haircut. If she finds a salon where the price of a haircut is only $45, she will receive ______ in consumer surplus from this transaction.1 point$15$60$45$0

Mr. Davis works as a barber, and he's thinking about raising his rates. He currently charges $20 for a haircut, and he does about 250 haircuts per month. He estimates that for every additional dollar he charges, he will do 8 fewer haircuts per month.If Mr. Davis raises the price of a haircut by x dollars, find an expression for f(x), the new price of a haircut.f(x)=Next, find an expression for g(x), the number of haircuts Mr. Davis estimates he will do in a month if he raises the price by x dollars.g(x)=Which function can you use to find the total amount of money Mr. Davis can expect to bring in from haircuts in a month if he raises the price by x dollars?

Shoe Leather cost means  A. Holding large amount of money  B. cost of shoes in market  C. Can not be a reason for inflation  D. Reason for deflation

Context: cost minimizing equilibrium condition in production in economics