When the price of an hour of tutoring increases,

Question

Quizplus · Accepted Answer

When the price of a good or service increases, the quantity demanded typically decreases due to the law of demand. This means that as the price of an hour of tutoring increases, the quantity demanded for tutoring will decrease. However, this does not necessarily mean that the demand for tutoring as a whole will decrease, as there may still be people willing to pay the higher price for tutoring services.

When the Price of an Hour of Tutoring Increases