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Elasticity of Demand

by AdrianFohr

In this clip, a prostitute asks Leonardo DiCaprio to bid on her fee. She first entices him. This probably has the effect of changing the time frame of his desire for sex, thereby increasing her price. As we know, time frame is important for considering elasticity. This also means we should consider long-run and short-run when considering elasticity. Question:Why do prostitutes get paid more than architects?

Elasticity of Demand in Catch Me If You Can

In this film, Leonardo Di Caprio impersonates several different white collar professionals while government agent Tom Hanks is hot on his trail. In this clip, a prostitute is attracted to Leonardo's wealth. She entices him and then asks him to bid.

from Catch Me If You Can (2002)
Creator: Steven Spielberg
Distributor: DreamWorks
Posted by AdrianFohr