From the previous discussion, there are many reasons (depending on who you ask)

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From the previous discussion, there are many reasons (depending on who you ask) for the gas price increase. Some speculate that it’s due to the war between Russia and the Ukraine while others blame failed US governmental policies. Another issue that consumers around the world are currently dealing with are shortages. While some shortages have persisted for the long-term (e.g., microchips for automobiles, ammunition, and housing inventory), others have been somewhat sporadic and difficult to predict or solve (e.g., baby formula, tampons, Sriracha sauce, eggs, and chicken wings).
For this week, do not discuss the war, but find at least two supported examples of shortages and discuss their probable cause (why does the shortage exist), consequences (rising prices, backlog of demand, production shifted to other goods, etc.) and outlook (how long will the shortage last and are there viable solutions/alternatives). Lastly, of all the shortages that currently exist, what has personally affected you or your family the most? How are you or your family dealing with it in the short-term?

 

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