Exploring Macroeconomics
8th Edition
ISBN: 9781544337722
Author: Robert L. Sexton
Publisher: SAGE Publications, Inc
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Chapter 2, Problem 12P
To determine
The view on sale of organs is to be determined.
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Students have asked these similar questions
A medical reported that the consumption of this product has many health benefits Describe how does this would affect the market for the product.
The graph below represents a simplified hypothetical version of the market for medical procedures in Canada.
If the market is allowed to set the price and quantity of procedures, what price and quantity will it set?
P = $7,000, Q = 62 thousand
P = $12,000, Q = 106 thousand
P = $7,000, Q = 112 thousand
P = $49,000, Q = 62 thousand
Current research on kidney transplants (see https://www.organdonor.gov/learn/organ-donation-statistics) shows that 17 people a day die while waiting for an organ. This is because:
Of the negative externalities that prevent the government from legalizing the buying and selling of organs.
Because demand is greater than supply, reflecting the fact that people should be more willing to donate their organs.
Because the rationing role of prices is not legally allowed to work in this instance.
Because organ prices are so high, most poorer people cannot afford one.
A and D only.
Chapter 2 Solutions
Exploring Macroeconomics
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