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1. Explain some of the reasons for the shortage - including your thought process if you were able to hoard some TP.... 2. Is it
1. Explain some of the reasons for the shortage - including your thought process if you were able to "hoard" some TP....
2. Is it logical from a family (micro) level to hoard TP - i.e. buy extra even though you still have some? Explain your response.
3. Is it logical on a country (macro) level to hoard TP? Explain your response.
4. What about price controls?
A. Who do they help?
B. Who do they hurt?
C. Do "anti-price gouging" regulations make economic sense for allocating resources?
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