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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
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.
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It will probably go down.