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could be used as a rental suite or An 32 In December 2013, the Supreme Court of Canada made it legal to sells through prostit

Question: Now suppose the penalty for being convicted was a week in jail and the stigma of being publicly identified as participating in the prostitution market. Draw the supply and demand curve for both the seller and buyer, under the assumption that the buyers of sex have higher time costs than the sellers.

Seller demand and supply curve should be on the right/buyers demand and supply curve should be on the left
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Answer #1

Buyers demand and supply Seller demand and supply curve

  • When the purchasing sex is made illegal demand decreased from D1 to D2  (Illustration -1)
  • When the selling sex is made legal supply increased from S1 to S2 and demand decreased due to illegality in purchasing sex.
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