Here is a question that came up.
How is the price determined in a black market?
Economic Answer: The price is determined by supply and demand in a competitive market.
In a competitive market, the supply and demand determines the price. If the supply is more, the demand will be less and price will be lower. If the demand is more and the supply is less the price will be higher.
The other layman answer: Whatever the sellers asks for...
An interesting articles in New York Times:
Flesh Trade: Selling Kidneys for Money
http://www.nytimes.com/2006/07/09/magazine/09wwln_freak.html?_r=2&ex=1189569600&en=5baab363cbbfbb67&ei=5070&oref=slogin&oref=slogin
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