Demand and supply issues, Explain, illustrating with graphs

Demand and supply issues

Reference no: EM1315625

In the United States, it is illegal under Federal law to sell or purchase live human organs for cash. It is possible (and legal), however, to donate some organs while you are alive-most notably, it is possible to donate one kidney, but it is illegal to receive any cash for this transaction (the recipient\'s insurance company typically pays for transplantation costs, though). However, few people choose to donate a kidney while alive. Consequently, the wait time for a kidney is often over two years, and many people die while waiting for a transplant. From an economic standpoint, do you think that this is a good policy? Explain, illustrating with graphs as necessary-be sure that the shape of your supply and demand curves make economic sense.

Reference no: EM1315625

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