Business
Business, 18.04.2020 02:02, darlenepitre

Suppose a vaccine for the common cold is discovered. Although the government begins producing the vaccine in as large a volume as possible, there is not enough vaccine available to meet demand. Consequently, the government must also set up an allocation scheme to control the vaccine's distribution. Which of the following is true about the price of the vaccine?
a. It was above equilibrium.
b. It was at equilibrium.
c. It was below equilibrium.
d. Nothing can be determined from the information given

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Answers: 1

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Suppose a vaccine for the common cold is discovered. Although the government begins producing the va...

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