Suppose That in a Free Market, 2,000 Patients Purchase an Operation

question 160

Multiple Choice

Suppose that in a free market, 2,000 patients purchase an operation to receive an artificial heart at a price of $500,000 per operation.Without the heart, each patient will die.The government decides this price is too high and imposes a maximum price of $200,000.Everything else equal,

• A)more patients will now die.
• B)fewer patients will now die.
• C)more patients will now die only if the demand curve is vertical.
• D)more patients will now die only if the demand curve is horizontal.

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Definitions:

Life-Threatening Trauma

Severe injury or shock to the body caused by violent events or accidents, which has the potential to lead to death.

Empathetic Communicator

A person who effectively understands and expresses empathy through their communication, fostering stronger interpersonal connections.

Assertive

Displaying confidence and directness in claiming one's rights or putting forward one's demands without being aggressive.

Subordinately Defensive

A behavior exhibited by lower-ranking individuals in a hierarchy, aimed at protecting themselves from perceived threats or aggression from more dominant figures.