During the coronavirus/COVID-19 crisis, panicking households hugely increased their demand for toilet paper resulting in
Posted: Fri Jul 01, 2022 8:19 am
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?