Corporation a sold equipment used in its business to its sole shareholder mr. b for $13,000. on the date of the sale, the fair market value of the equipment was $16,000, and a's adjusted basis was $11,000. corporation a also canceled a $4,000 debt of mr. b. what is the amount of the dividend received by mr. b, assuming corporation a has a large amount of earnings and profits?

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.)