Economics of sex and drugs Essay Example | Topics and Well Written Essays - 250 words

Economics of sex and drugs - Essay Exampleeople who result be visiting the metropolis of Denver will nothingness to an imbalance in the market for prostitution and this is bound to create some pressures on the prices for the services. The various dimensions of the effects as well as the movements expected ar discussed below in order to have a clear picture on the expected outcomes (Moffatt, Peter and Simon, 681).As has been mentioned above, the first basic effect of the interior(a) Western Stock show is the fact that there will be some imbalances in the supply and demand of prostitution services. This is due to the fact that a lot of people are expected to come to the city to show case their products and services while others will be visiting the city in order to experience the show. The first dimension of this influx is that there will be an increase in the demand for prostitution services and this is expected to vigour the prices upward as the market forces adjust themselves a ccordingly. It is expected that the prostitutes operating in the city will increase the prices of their services in order to benefit from change magnitude demand for their services (Moffatt, Peter and Simon, 683).Additionally, the influx of people will bring in people with more disposable income and therefore, they will be willing to fade their money on various forms of leisure and entertainment such as seeking the services of prostitutes. This will lead to an increase in the prices of the services since they will be willing to pay more than normal in order to access the scarce services. It is however, important to note that this may not go on for long as the market will adjust itself almost immediately as it is expected that other prostitutes from other cities and localities will also invade the city in order to benefit from offering services to the people at the show. This means that the supply of prostitution services may actually increase and this may put a downward pressure on the prices (Dill 96).The expected increase in the demand for