Question

1. Use a supply and demand framework to explain the market effect...

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.

4. Recently, the trend of transplant tourism has been growing.Based on the following reading from the World Journal of Transplantation:Key Issues in Transplant Tourist.

what are two characteristics about the individuals providing or receiving organs across international borders?