Suppose the Market for Kidneys Is Depicted in the Graph

question 99

Multiple Choice

Suppose the market for kidneys is depicted in the graph shown. Initially, kidneys are exchanged by donations only (price = $0) . If the government decides to legalize kidneys sales and the market reaches equilibrium, then:

• A)total surplus will increase.
• B)consumer surplus will remain the same.
• C)producer surplus will remain the same.
• D)a shortage of kidneys will arise.

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Definitions:

Three Levels

Typically refers to a conceptual framework or hierarchy within a particular context, though it requires additional context to fully define.

Professional Buyers

Individuals or entities that purchase goods and services for their company or organization, often seeking to obtain the best terms and prices.

Purchasing Agents

Individuals responsible for acquiring goods and services required by their organization from external suppliers.

Sales Presentations

Demonstrations or pitches delivered by salespeople showcasing a product or service's features and benefits with the goal of persuading the audience to make a purchase.