Explain how a market for human organs would affect the supply curve and equilibrium price and quantity

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An individual would state in a legal document that he or she is willing to sell their usable organs when they die and specify where the money from the sale of the organs would go, such as to family, friends, or charity. Firms would then emerge that would purchase the organs and resell them for a profit. Such a market would give people more incentive to supply organs and help create an up sloping supply curve because a higher price for organs would bring forth more organs available for transplant. The supply curve therefore would be up sloping rather than a vertical supply curve that has no price incentive and is limited by the number of donors who are not paid for their organs. This new up sloping supply curve would intersect the down sloping demand curve and establish an equilibrium price and quantity for organs. The equilibrium quantity of organ transplants would increase, but so would the price compared with the non-price organ market.