The toilet paper consumers and producers have been impacted heavily during the Covid19 pandemic and the lockdown. The stores are all mostly out of toilet papers since people are unnecessarily hoarding toilet papers. Thus, the demand for toilet has gone up way more than ever before. This type of behavior has to stop soon since it is to the level of insanity where there are not any toilet papers at the stores. Due to the coronavirus pandemic, there is less to do, and people are just developing selfish and obsessive behavioral patterns which really bothers me. The law of demand is the reason why there is not enough supply of toilet papers since there is only so much that producers can produce of toilet papers. The demand curve is that how much can anyone really go out of their way to pay for the toilet papers and I rather wait than pay more at any small store. Therefore, when I really need toilet paper and the stores do not have them, I have to wait a few weeks to have them be delivered to me when in the end I order them online.
I lamented the selfishness of my fellow human beings. It’s called egoism or self-interest, which is necessary for survival. Egoism is the opposite of altruism, which is the concern for others without regard to one’s self-interest. All humans and animals have the capacity for egoism and altruism. Thus, the egoism during this pandemic has brought upon toilet papers the price ceiling which just means that some people have charged beyond what a toilet paper is not even legally worth. The quantity demanded is how much a person can pay for toilet papers during any given period. This is why the income effect of a price change has been the reason why the human resources department has increased the real income amount of food stamps allowed to an individual – as well as the minimum wage has increased.