Why would the supply curve of a dog-walking business be considered elastic? because the demand for dog-walking services fluctuates because it can hire workers quickly if the price rises because the supply of dog walking isn’t easily expanded or reduced because the supply of dogs changes quickly

The correct answer is: "because it can hire workers quickly if the price rises"

The elasticity of supply measures the percentage change in the quantity supplied cause by a certain price variation. According to the law of supply, price and quantity supply are directly related hence, when price increases so does the quantity supplied.

When there is a % increase in the price of the product, if the quantity supplied increases in a larger proportion, then the supply curve is elastic. Meanwhile, if the % change in the quantity supplied is smaller than the price variation then the supply curve is inelastic.

The supply side in the dog-walking business is constituted by the number of dog-walkers that are willing to do this job at the different prices paid for this service. If this supply is elastic, it means that when the price increases, there is a quick increase in the number of people available for the job.

b. great plains

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