Assume the sale of human organs is legalized and a free market develops. Furthermore,assume the market is in equilibrium. Trace through the price and output effects of the following: 3a. An increase in the incomes of potential buyers of human kidneys. 3b. A decrease in the price of kidney dialysis. 3c. The development of a new drug that leaves the immune system intact while preventing transplant rejection. 3d. A greater willingness by individuals to supply human kidneys.

Assume the sale of human organs is legalized and a free market develops. Furthermore,assume the market is in equilibrium. Trace through the price and output effects of the following: 3a. An increase in the incomes of potential buyers of human kidneys. 3b. A decrease in the price of kidney dialysis. 3c. The development of a new drug that leaves the immune system intact while preventing transplant rejection. 3d. A greater willingness by individuals to supply human kidneys.

Microeconomics A Contemporary Intro

10th Edition

ISBN:9781285635101

Author:MCEACHERN

Publisher:MCEACHERN

Chapter5: Elasticity Of Demand And Supply

Section: Chapter Questions

Problem 15PAE

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