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:

Family Intervention

A strategic approach aimed at helping a family address and manage behavioral, emotional, or substance abuse issues affecting one or more of its members, usually involving the assistance of a professional.

Curanderos

Traditional folk healers in Latin American cultures, known for their holistic treatments integrating physical, spiritual, and psychological elements.

Medicine Men

Traditional healers and spiritual leaders in various indigenous cultures known for their knowledge of herbal medicine and spiritual healing practices.

Natural Helpers

Individuals within a community who naturally provide support and advice to family, friends, and neighbors, often informally.