Question

Best descriptor of the economic approach:

In the explosive increase in popularity of oral sex among teens. The most plausible representation for the behavioral shift in our Demand/Supply model is

1)The supply of intercourse shifted right and the demand for oral sex shifted left

2)The demand for intercourse shifted left and the demand for oral sex shifted left

3)The demand for intercourse shifted right and the demand of oral sex shifted left

4)The supply of intercourse shifted left and the demand for oral sex shifted right

I’m less inclined speed in a school zone if

1)The fines for speeding decrease

2)There’s a big game on tv

3)There’s better selection of shows on tv

4)My driver’s license has expired

5)I’m wearing a seat belt.

Consider the high-traffic low-price model of prostitution. Which is a long-run outcome from legalization?

1) Collusion by prostitutes and non-prostitutes to raise both the monetary and non-monetary prices of sex

2)Higher prices to pay for additional medical testing

3)Sharp increases in both quantity and price

4) Higher prices, better quality and diminished competition

5) Increased quality and quantity in the prostitution industry

Answer 1

Answers..

1:  2)The demand for intercourse shifted left and the demand for oral sex shifted left

The demand for oral sex increase it will increase the demand curve towards right and the demand curve for intercourse sex towards left.

2:  1)The fines for speeding decrease

When fines for overspeed decrease , the car driver will not bother about over speed.

3: 1) Collusion by prostitutes and non-prostitutes to raise both the monetary and non-monetary prices of sex

High traffic low price means more demand low price.

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