
Intro Econ 1: Choices & Dating
Planet Money Summer School
00:00
Market Equilibrium: Balance in Attraction
Market equilibrium occurs in various dynamics, including social settings like clubs, where the balance between genders can fluctuate significantly. Observations in nightlife illustrate how supply and demand operate in real-time; when one gender is in excess, market forces incentivize the underrepresented gender to participate, leading to a rapid adjustment in numbers. This phenomenon exemplifies how equilibrium is sought in social markets as well as economic ones, showcasing the interplay between attraction and availability.
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