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May 12

Supply and demand: Shortages across America run deep, with no end in sight

From gas prices to new and used cars, tires, and everyday items like paper — costs are going up as demand exceeds supply.

The fallout from the pandemic is shifting from a health crisis to an economic crisis.

When the economic engines that fueled the world came to a screeching halt during lockdowns in March 2020, no one could’ve predicted where we’d be a year later. Countries are still fighting the coronavirus pandemic and now they’re facing shortages, price increases, and demand for everyday items.

Source: ABC Action News

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