The only time a lady really should Raise her rates is if demand exceeds supply Originally Posted by samaraNot true from an economic standpoint.
Not true from a personal standpoint.
I'm always the first to argue economics, but respectfully it's because I understand them. A provider may be willing to work 40 hours per week. If she got 40 hours of work charging $150, then she'd be making $6k per week. Now suppose that at $250 per hour, she was getting 30 hours of work per week. She'd be making $7.5k doing less work. As such, profit would be higher when she raises her prices even though demand falls and even though she's willing to give 40 hours of supply.
Personally, she may be ok charging $400 an hour and only working 10 hours a week for $4k per week. Not everyone's sole goal is profit maximization. Some people prefer quality of life over shear money.