Why would the supply curve of a dog-walking business be considered elastic?

Question

because the supply of dogs changes quickly

because the demand for dog-walking services fluctuates

because the supply of dog walking isn’t easily expanded or reduced

because it can hire workers quickly if the price rises

Answer 1

The supply curve of a dog-walking business would be considered elastic because it can hire workers quickly if the price rises.

In a business like dog walking, the company can respond relatively quickly to changes in prices by hiring more workers to meet increased demand. This flexibility in adjusting the number of workers available means that the supply of dog-walking services can increase rapidly in response to price changes, making it more elastic.