Submit a journal entry (a doc or .pdf file) that thoughtfully addresses each of the four following bullet points. This assignment does not have a minimum word count, but will likely be upwards of in order to meet the requirements of the "Excellent" rubric criteria.1. Would you consider the price elasticity of demand for toilet paper to be elastic or inelastic? Why?2. What are some of the non-price determinants (factors) of demand and non-price determinants (factors) of supply for toilet paper?3. What are some of the determinants of supply for toilet paper?4. What do you feel were the most impactful contributing factors to the toilet paper shortage of 2020?