Exhibit 4-9 Exhibit 4-9 shows a demand curve for dog ownership.If your local government passes an anti-dog-litter law that raises the personal cost of owning a dog from C to C', the quantity of dogs demanded will

Question

Exhibit 4-9  Exhibit 4-9 shows a demand curve for dog ownership.If your local government passes an anti-dog-litter law that raises the personal cost of owning a dog from C to C', the quantity of dogs demanded will

Quizplus · Accepted Answer

The anti-dog-litter law would increase the personal cost of owning a dog for individuals, which would result in a decrease in the quantity demanded for dog ownership. It's not likely to drop to zero because there may still be some people who are willing to pay the increased cost to own a dog. However, it's not possible to determine the exact percentage of the decrease without actual numbers to analyze.

Exhibit 4-9 Exhibit 4-9 Shows a Demand Curve for Dog