ECN 340 Lecture Notes - Sexually Transmitted Infection, Peanut Butter, Holding Hands

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Sexual behaviour: sex is simply another service that is wanted and supplied. Economic characteristics of sex: sex as a service, holding hands, kissing, petting or groping. This is a value judgement so does not apply to the economics of sex: a matter of taste. Intensity: for most, it is the intensity of the sexual experience that makes it so appealing, most willing to pay a higher cost to experience it compared to having a peanut butter sandwich. In this sense, intensity is synonymous for benefit. It is impossible for people to talk about their preferences because everyone is unique. Law of demand and sex: as price rises, quantity demanded falls. Price, in terms of sex, does not always mean money (e. g. Risk of pregnancy, travelling long distances, etc. : prostitutes know this very well: higher price, fewer customers , men demand more units of sex as price drops.

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