Posts Tagged ‘ Supply/Demand ’

H1N1 Flu Vaccine: Supply & Demand

After the newest strain of the flu (H1N1) was reported and the first death was a child the public was confused and scared (calling the microbe “swine” flu probably didn’t help). Schools in New York City were being closed by the Mayor and the Governor at press conferences. People everywhere were infected and everyone was vulnerable because no one had immunity. In June, 2009, the World Health Organization declared the flu a pandemic. Models predicted millions would die. People didn’t know whether there was enough time to manufacture vaccines and demand was HIGH. Hysteria abounded.

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