An increase in the market price of​ men’s haircuts, from ​$15 per haircut to ​$25 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 ​$25 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? ________ (your answer should have two decimal places)

What is the long- run price elasticity of supply? ________ (your answer should have two decimal places)