In the supply and demand marriage market explain the logic behind the downward sloping demand curve. Draw the demand curve in the marriage market. Now assume that prostitution becomes legal (and that some men view prostitution as an imperfect substitute for marriage). On the same graph, draw the new demand curve and discuss how it changes. (Assume the number of men in the marriage market did not change.)

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In the traditional supply and demand marriage market the downwardsloping demand curve represents the ... View the full answer