During the coronavirus/COVID-19 crisis, panicking households hugely increased their demand for toilet paper resulting in
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During the coronavirus/COVID-19 crisis, panicking households hugely increased their demand for toilet paper resulting in
During the coronavirus/COVID-19 crisis, panicking householdshugely increased their demand for toilet paper resulting in ashortage. According to the demand-supply model, we should have seena substantial rise in the price of toilet paperin supermarkets. Yet this did not occur. Why did thedemand-supply model make such a poor prediction?