Because of COVID-19 several new vaccines are being tested by pharmaceutical companies.

Let's imagine that the government wants as many people as possible to buy the vaccine so

that the spread of COVID-19 is halted in its tracks. The President took ECON103 last

semester and knows that demand curves slope downwards: As the price of a good declines,

quantity demanded increases! To ensure that there is a very high quantity demanded and

that many people can access the vaccine, the President plans to issue an executive order

that creates a price ceiling for COVID-19 vaccines and treatments. Do you think this is a

good plan? Why or why not?