Business, 15.04.2020 21:31 dmorinville8

Equilibrium: Where Supply Meets Demand — End of Chapter Problem

In what ways does seeking a marriage partner resemble a market?

- Marriage is usually solidified with a legal contract.

- There is a "price," namely, the commitment one makes to love, support, and spend time with the prospective partner.

- The impulse to marry is deeply rooted in emotion.

- There is a demand side and a supply side: prospective partners both demand and supply time, effort, certain capabilities, and emotional commitment.

(Multiple can be selected)

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Equilibrium: Where Supply Meets Demand — End of Chapter Problem

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