Our econ teacher asked the class to name any market so he could do a supply and demand example. The first person said “porn.”
Next:
“Ughh fine. Porn. So let’s say there’s an STD outbreak, cool? And porn actors…forget it, porn actresses go on strike. Face it. Porn actors aren’t acting. They fuckin’ love that shit. What does that do to the demand for porn? It increases the demand, right? What do people do when they’re not having sex? Wait. Don’t answer that. Here. Guys, what were you doing when you were 14 years old? You were looking at porn. Don’t laugh. Don’t give me that shit. You were. Don’t lie. It’s a fact. I can tell you from first hand experience, when I was 14, that’s all I was doing. Now, what does that do to the price of porn? It increases it. Supply decreases. The quantity is ambiguous. Got it? Good. Okay, give me another market.”
