Refer to exhibit 4-5. if a free market were allowed in the transplanted kidney market, then the equilibrium price would be p2. t
he number of kidneys transplanted would increase by _________ compared to the number transplanted at a price ceiling of p= $0. (q3 - q2) q2 (q2 - q1) (q3 - q1)
1 answer:
Answer: (q2 - q1).
Explanation:
A free market is an economic system whereby production of goods and services are being regulated by demand and supply forces. In this economic system, it should be noted that there's little or no intervention from the government.
If a free market were allowed in the transplanted kidney market, then the equilibrium price would be p2. The number of kidneys transplanted would increase by (Q2-Q1) compared to the number transplanted at a price ceiling of p= $0.
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Answer:
Difference between Prices= $85-$80
Difference between Prices=$5
Explanation:
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After Sale for 15% off price of dress =$68
Original Price=$80
Before buying prices rises by 25%.
Rises and discounts making the Final Price= Note: (125 is due to 25% rise)
Final Price=$85
Difference between Prices= $85-$80
Difference between Prices=$5