How the Economy Influences Consumer Behavior

Discussion
Post 1:
In 2020, America's purchases of toilet paper, hand sanitizer, and cleaning products shifted from institutions to households. U.S. home cooks prepared food from scratch in their kitchens rather than eating at restaurants. As people were stuck indoors, home improvement spending increased. Working from living rooms meant purchases for work attire changed from business casual to loungewear and sweats. Online buying and delivery powered the economy in many sectors. Fast forward: Inflation pushed prices higher in 2022.
While many high schools and most colleges require economics in their undergraduate curriculums, does the American consumer understand how supply and demand affect prices?
For this discussion, you will look at how the economy influences consumer behavior. Research an example and provide an overview of it and particularly how economics fits in. (Research Support Required)
This post should be 2 paragraphs (150-200 words). Since you are engaging in research, cite in the body of the post and add a reference list in APA format.
Post 2:
Why Stuff Costs So Much
Supply chain disruptions caused by the pandemic, inflation, and a war will take time to right themselves, leaving industries with higher costs and lower supplies. When faced with rising prices, consumers must decide to pay them or look for lower-priced substitute goods.
Research a scenario (not presented in the readings) and explain the relationship between the pandemic and the prices of a particular good. Seek an example from the last 12 months. Focus on economic theory to support the post. (Research Support Required)
This post should be 2 paragraphs (150-200 words). Since you are engaging in research, cite in the body of the post and add a reference list in APA format.