Why was there a shortage of toilet paper in early 2020 at the height of the Corona virus pandemic? There are many answers, but the most common explanation is hoarding; people wanting to make sure they had enough supply at home. But why toilet paper? It makes sense to hoard hand sanitizer and face masks, but toilet paper? Most of us had first hand experience with this shortage. Answer the questions below. Assuming the reason for the shortage was the result of hoarding (there were several other reasons), explain which graph below best describes the situation. Use a scrap piece of paper to draw your diagram using the 4 step method mentioned in the text section 3.3, and compare to the graphs below. Choose the graph that best graphically represents the situation. 10.00 10.00 8.00 6.00 600 4.00 400 2.00 2.00 00 200 400 00 00 10 00 0 00 0 00 200 400 6.00 800 10'00 1 2 10.00 10 00 8.00 .00 6.00 600 4.00 4.00 2.00 2.00- 000 0.00 0.00 00 0e 10 00 200 400 200 4:00 6.00 10'00 4

Why was there a shortage of toilet paper in early 2020 at the height of the Corona virus pandemic? There are many answers, but the most common explanation is hoarding; people wanting to make sure they had enough supply at home. But why toilet paper? It makes sense to hoard hand sanitizer and face masks, but toilet paper? Most of us had first hand experience with this shortage. Answer the questions below. Assuming the reason for the shortage was the result of hoarding (there were several other reasons), explain which graph below best describes the situation. Use a scrap piece of paper to draw your diagram using the 4 step method mentioned in the text section 3.3, and compare to the graphs below. Choose the graph that best graphically represents the situation. 10.00 10.00 8.00 6.00 600 4.00 400 2.00 2.00 00 200 400 00 00 10 00 0 00 0 00 200 400 6.00 800 10'00 1 2 10.00 10 00 8.00 .00 6.00 600 4.00 4.00 2.00 2.00- 000 0.00 0.00 00 0e 10 00 200 400 200 4:00 6.00 10'00 4

EBK HEALTH ECONOMICS AND POLICY

7th Edition

ISBN:9781337668279

Author:Henderson

Publisher:Henderson

Chapter6: Population Health

Section: Chapter Questions

Problem 9QAP

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The National Health Service (NHS) in the UK was founded in 1948 and was the first state-run free health service in the world. It originated at a time of national euphoria following victory in World War II, which generated a sense of confidence and solidarity among politicians and public. In particular it was felt that class distinctions were finally disappearing. The extensive rationing of products, both during and after the war, played a big part. Not only did this result in queuing for goods by rich and poor alike, but it gave the government a sense that state control of distribution was not only possible but in many cases desirable. The basic objective was to provide all people with free medical, dental and nursing care. It was a highly ambitious scheme that rested on various premises that have since proved flawed. These were: 1 The demand for health care was finite; it was assumed that some given amount of expenditure would satisfy all of the nation’s health wants. 2 Health care…
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The National Health Service (NHS) in the UK was founded in 1948 and was the first state-run freehealthservice in the world. It originated at a time of national euphoria following victory in World War II,which generated a sense of confidence and solidarity among politicians and public. In particular it wasfelt that class distinctions were finally disappearing. The extensive rationing of products, both duringand after the war, played a big part. Not only did this result in queuing for goods by rich and poor alike,but it gave the government a sense that state control of distribution was not only possible but in manycases desirable. The basic objective was to provide all people with free medical, dental and nursingcare.It was a highly ambitious scheme that rested on various premises that have since proved flawed.These were:1 The demand for health care was finite; it was assumed that some given amount of expenditure wouldsatisfy all of the nation’s health wants.2 Health care provision could…
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