What will most likely occur after the price of a monthly membership increases? check all that apply.. current members will pay more per month.. demand for memberships will decrease.. the number of available memberships will increase.. the owner will make more money.. bond’s gym will receive more membership applications.

When a club has selected to increase its rates, there are some definite do’s and don’ts that can guarantee you’re placing clients first every step of the plan. When you set clients first in every choice, you create goodwill and have extra space when you want to increase your rates. But besides all this, there will still be less demand for the membership as not all the clients can afford the raised price. The owner will earn some extra amount and the running clients usually do not quit and prefer to pay some extra amount instead of getting a membership in a different club or organization.

The effects of a price increase on monthly membership are

The increase in the price of a commodity relative to its demand. When a commodity or service is increased in price. The effects are:

Read more on demand and prices here:

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