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anna owns a dog walking service. today she raised her rates, from $5 pe…

Question

anna owns a dog walking service. today she raised her rates, from $5 per dog to $6 per dog. what will probably happen to the quantity of annas dog walking services demanded? it will probably go up. it will probably go down. submit

Explanation:

Brief Explanations

According to the law of demand in economics, when the price of a service (or good) increases, assuming other factors remain constant, the quantity demanded of that service (or good) typically decreases. Anna raised her dog - walking rate from $5 to $6 per dog. So, following the law of demand, the quantity of her dog - walking services demanded will probably go down.

Answer:

It will probably go down.