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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:

A. An increase in the incomes of potential buyers of human kidneys.

B. A decrease in the price of kidney dialysis.

C. The development of a new drug that leaves the immune system intact while preventing transplant rejection (Waldholz, 1992).

D. A greater willingness by individuals to supply human kidneys

Microeconomics, Economics

  • Category:- Microeconomics
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