Which of the Following Statement Is False Based on Information

question 107

Multiple Choice

Which of the following statement is false based on information presented in the textbook?

• A) There is evidence of a shortage in the market for kidneys (for transplants).
• B) The waiting list for transplanted kidneys is used as a non-price rationing device.
• C) There is a price ceiling in the market for transplanted kidneys at a price of $0.
• D) In the market for transplanted kidneys the legal price is the same as the equilibrium price.
• E) ​It is currently unlawful to buy or sell kidneys at any positive price.

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Definitions:

Frequency Distribution

A summary of how often different values occur within a data set, typically organized into a table or represented graphically.

Percent Frequency

The frequency of a specific event or category expressed as a percentage of the total number of events or categories.

Frequency Distribution

A summary of data showing the frequency (or number) of observations in each of several non-overlapping categories or bins.

Class Width

The difference between the upper and lower boundaries (or real limits) of any class/interval in a frequency distribution.