Efficient allocation of resources

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Consider if there should be a market for organs -specifically kidneys.
In the United States, it illegal to sell kidneys.
Explain how this is in essence like the government has imposed a price ceiling of zero on the market for kidneys, thus creating a shortage.
Discuss how a free market for organs such as kidneys might result in benefits.
What value might be created from a free market for kidneys. Specifically discuss how sellers might be better off and how buyers might be better off.
Would this lead to an efficient allocation of resources?
Are there any other issues to consider if there was a free market for kidneys such as fairness.(e.g., would only those most willing and able to pay for a kidney be the ones that benefit).
l am looking for an exsmple and response based on demand and supply for this question. could give me a direction how i can answer this question by giving me a graph of table as an example based on supply and demand and reservation price as well as consumer surplus.

Reference no: EM132961421

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