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What will most likely occur after the price of a monthly membership increases? Check all that apply. Current members will pay more per month. The quantity demanded 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.

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dylanpridgen

first four are correct. the last one is not correct because of the decreasing of the memberships due to the higher price.

The scenarios that will arise if the price of membership on monthly basis increases is members pay more, the quantity of memberships falls, and the owners' receipts increase.

Options A, B, and D are the correct answers.

What is meant by membership?

Membership is the act performed by an individual where he/she becomes a member of an association.

When the membership price rises upwards, then the existed members have to be reimbursed more which raises the income of the owners of the association and few of the members would get dropped their memberships due to the rise in price leading to falling in quantity.

Therefore, the explanation in Option C and E have not occurred at the time of the increase in the membership price.

Learn more about the membership in the related link:

https://brainly.com/question/352169

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