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Exhibit 4-5 Refer to Exhibit 4-5. Suppose the Government Imposes a Price

Question 71

Multiple Choice

Exhibit 4-5
Exhibit 4-5 Refer to Exhibit 4-5. Suppose the government imposes a price ceiling at P = $0 for transplanted kidneys. The result will be a A) shortage of kidneys equal to (Q<sub>3</sub> - Q<sub>1</sub>) . B) surplus of kidneys equal to (Q<sub>3</sub> - Q<sub>1</sub>) . C) shortage of kidneys equal to (Q<sub>2</sub> - Q<sub>1</sub>) . D) surplus of kidneys equal to (Q<sub>2</sub> - Q<sub>1</sub>) .
Refer to Exhibit 4-5. Suppose the government imposes a price ceiling at P = $0 for transplanted kidneys. The result will be a

A) shortage of kidneys equal to (Q₃ - Q₁) .
B) surplus of kidneys equal to (Q₃ - Q₁) .
C) shortage of kidneys equal to (Q₂ - Q₁) .
D) surplus of kidneys equal to (Q₂ - Q₁) .