How COVID-19 Panic Buying of Toilet Paper Really Works. Discover Economic Supply and Demand

4 years ago

What causes the panic buying of toilet paper, gas, and guns? During the beginning of COVID-19 there was a toilet paper shortage due to panic buying. Prices increase, consumers panic, and the buying begins.

Human behavior changes in the light of scarcity. How to make this work for you, how to recognize panic buying? Natural disasters, government uncertainty, and economic fears trigger consumer behavior that is negative.

When the Colonial Pipeline gets hacked, there was a run on gasoline. This is consumer behavior for years around OPEC announcements, war, and changes in oil availability. Is panic buying a natural state of economics?

Supply chain disruptions increase, from lumber, gas, steel, and even ketchup is at risk. At least according to CNN and main stream media, https://www.cnn.com/2021/05/08/business/supply-chain-shortages-pandemic/

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