Look Untog, on the one hand, we have what you saw with your own eyes.
On the other hand, I just finished my freshman year in economics, and when we draw a dotted line across the X of supply/demand, then there's this little triangle see? Shade it in. Yeah. So anyways that's what happened. BTW, there's no axis for "natural disaster" on my graph so clearly that's irrelevant. I don't know why you're bringing up red herrings.
Yes, of course, but it does not follow that those products are being optimally allocated by price like a normal economy. Normal economies adjust to produce more, natural disaster is a temporary state with different rules.
It becomes a public policy issue (we have too few and how to apportion in the short term) rather than an economic issue.
On the other hand, I just finished my freshman year in economics, and when we draw a dotted line across the X of supply/demand, then there's this little triangle see? Shade it in. Yeah. So anyways that's what happened. BTW, there's no axis for "natural disaster" on my graph so clearly that's irrelevant. I don't know why you're bringing up red herrings.