A shortage of kidneys (for transplants) results from
A) the legal price being set below the equilibrium price.
B) the legal price being set above the equilibrium price.
C) a price floor being set in the kidney market at P = $0, assuming the equilibrium price is greater than $0.
D) a price ceiling being set in the kidney market at P = $0, assuming the equilibrium price is greater than $0.
E) a and d
E
You might also like to view...
The ________ the interest rate (discount rate) or the ________ the payment is to be received, the smaller the present value of a future payment will be
a. lower, nearer to b. lower, further into c. higher, nearer to d. higher, further into
All mutually beneficial trades have taken place. This implies that
A) the production possibilities curve is bowed out. B) society is inside the production possibilities curve. C) economic efficiency prevails in the society. D) society is on the constant cost portion of its production possibilities curve.