Rule of scarcity dating


28-Feb-2017 02:45

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This story might be one to add to the realm of urban legend: a friend of a friend was a little down on her luck with love and money.

In an effort to troubleshoot the easiest issue first, my friend suggested, "Maybe you can get a job as a nanny," to which Debbie Downer responded, "I don't want to and followed the book's dating advice to the T.

When supply of a good is greater than demand for that good, a surplus ensues, which drives down the price of the good.

Disequilibrium also occurs when demand for a commodity is higher than the supply of that commodity, leading to scarcity and, thus, higher prices for that product.

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If you're older than 31, you should wait at least three hours!

In a free market, it is expected that the price will increase to the equilibrium price as the scarcity of the good forces the price to go up.