Please refer to the figure above to answer the following questions: (A) how many

Question

Please refer to the figure above to answer the following questions: (A) how many organs are supplied at a zero price? •zero •qa •qd
(B) how many people die in a government-regulated economy where the government-set price ceiling is p=0? •the quantity qd-qE •the quantity qd-qa •the quantity qE-qa
(C) how many people die in the market-drive economy? •the quantity qd-qE •the quantity qd-qa •the quantity qE-qa

Market supply Market demand 'Et -Equlibrium 0. Market shbrtage at p -0 0 q a q E q d Quantity (organs per year)

Explanation / Answer

A) Ans is B

qa is supplied at price=0

B) ans is B

Qd-Qa people will die due to shortage of supply

C)ans is C

Qe-Qa are tge people diening out at market equilibrium.

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