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Creating a competitive and legal market for human organs for transplant would make the:


A) Supply curve vertical for such organs
B) Demand curve vertical for such organs
C) Supply curve slope upward to the right for such organs
D) Demand curve slope upward to the right for such organs

E) All of the above
F) A) and B)

Correct Answer

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In a competitive market illustrated by the diagram above, a price ceiling of $25 per unit will result in: A) The market stays at equilibrium price of $15 B) A surplus of 200 units C) A shortage of 200 units D) A shortage of 150 units In a competitive market illustrated by the diagram above, a price ceiling of $25 per unit will result in:


A) The market stays at equilibrium price of $15
B) A surplus of 200 units
C) A shortage of 200 units
D) A shortage of 150 units

E) A) and B)
F) None of the above

Correct Answer

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