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 paper in supermarkets.Yet this did not occur. Why did the demand-supply model make such apoor prediction?