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1. Use a supply and demand framework to explain the market effect of too low a price (essentially $0) for kidneys. In addition to a

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1. Use a supply and demand framework to explain the market effect of too low a price (essentially $0) for kidneys. In addition to a good narrative, your response should include a diagram, well-labelled and explained. Once you have drawn the diagram, either include the image within the text of your response or take a photo or a pdf of your diagram and attach it with your assignment. 2. If the price of kidneys is $0, where does the supply of kidneys come from? Why there is any quantity supplied as opposed to zero? How does the number and type of donations change when a payment is allowed? Make sure you show this change in a diagram and attach the diagram in the same way as you did in #1. 3. What is a benefit of allowing payments for kidneys? What is a cost of allowing payments for kidneys? Explain

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