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:

Colon Cancer

A type of cancer that begins in the large intestine (colon), part of the digestive system.

Rectal Cancer

A form of cancer that begins in the rectum, the lower part of the large intestine, leading to symptoms like bleeding, weight loss, and pain.

Obese

A medical condition characterized by excessive body fat, increasing the risk of health issues and diseases.

Vegetables

Edible plants or parts of plants that are consumed by humans as part of a meal, usually savory in flavor.