- During the COVID-19 pandemic, there is the sense thatessentials like toilet paper is desperately needed. Use demand andsupply analysis to explain what should happen in the market.
- Suppose stores don’t want the backlash of increasing the pricesdue to the higher demand. . What do we expect to happen?
[Discuss how changes in demand will affect prices. Thenshow how a shortage develops using the idea that prices are notchanging with the equilibrium.  This is NOT a priceceiling (just a shortage)]
Graphs are required, a minimum of 2 graphs.
Choose a topic from the list below and use economic principlesto answer the questions.. Do not embark on analysis focusing onsocial, political, or other disciplinary inquiries of thetopic.
Papers need only be minimum of 2 pages (including your graphs).Try not to go over 4 pages please.
