15Price ControlsMedium1 markA government imposes a maximum price on a new vaccine below the market equilibrium price.What will happen in the market as a result of this government intervention?Acompanies will produce more new vaccines to meet the demand at the maximum priceBdemand of the new vaccine will decrease at the maximum priceCsome consumers will be unable to buy the new vaccine at the maximum priceDthe market will clear at the maximum priceGrade answerSolutionGrading criteria