After the unfortunate incident in December 2012 in which children were killed by a violent man in a school setting, many speculated government intervention in firearms and ammunition ownership. This triggered a nationwide scramble as these speculators purchased all existing stores of ammunition and of certain firearms. Some purchased them simply to store them for future personal use, while others speculated that prices would increase and they would be able to sell these items for a profit. While demand had greatly increased in a matter of hours, the supply schedule cannot change as quickly as demand schedules can, hence the shortages and price increases. To put simply, the minds of everyone (demand) can change much more quickly than the ability to produce the ammunition (means).
Fast forward to six months later, in May 2013, certain types of ammunition were not available at any stores. Small shipments would come in and…
View original post 768 more words