Market run
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A market run or run on the market occurs when consumers increase purchasing of a particular product because they fear a shortage. As a market run progresses, it generates its own momentum: as more people demand the item, the supply line becomes unable to keep up. This causes a local shortage, which in turn encourages further hoarding.
Examples include a run on the gasoline market following hurricane Katrina in 2005, an ammunition shortage following President Obama's election in 2008,[1] and a run on toilet paper following a Johnny Carson joke on The Tonight Show in 1973.[2][3][4]
See also
[edit | edit source]References
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