You own a dog-walking business, and labor is one of your key inputs to production. You pay your workers $5 over minimum wage; if minimum wage goes up, your wages do too because you keep them $5 over minimum no matter what minimum is. You are looking at a graph of the demand and supply for your services. You see in the news that the state legislature just increased the minimum wage in your state, making your input now more expensive. What will happen on the graph you're looking at