Tuesday, December 02, 2008
12:41 am
Here's to economic geeks =)
Heres an economic explanation to why lots of guys in ACS I are not attached
There is a certain level quality of girls which the guys in AC are willing and able to date. At a lower quality, more guys are able to date these girls (ignore the willing). A downward sloping demand curve results.
There is a certain quantity of girls available at each quality level. With fewer girls at higher quality levels, a upward sloping supply curve results.
Thus with a minimum quality level required by the guys, an excess demand results. The following diagram illustrates this phenomena
Change the demand for labour to that for girlfriends, and likewise for supply. Min wage rate would be the min quality and this diagram fails coz it doesnt show the lvl of excess demand. -.-
Moving on, this issue is further complicated by the fact that there are foreign competitors who are so called more "efficient" or simply put, better.this foreign supply is a lot less responsive to differences in quality and thus is represented by a horizontal supply curve as shown below.
Ignoring the Pworld + tariff curve, the girls from other schools are represented by "World price"
Without the outside competition, a level between Qs2 and Qd2 would be the resultant number of couples in school. However, guys getting gfs from other schools, a resultant of 0Qd is the resultant quantity of couples.
This explains the low number of couples formed in the school and yet the high number of guys attached or at least who have been attached.
Im a geek arent I?
ben says AMEN!
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