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Consumer Spending and the COVID-19 Pandemic

The onset of the COVID-19 pandemic changed consumer spending habits. The January 2021 issue of Page One Economics® reviews how people substituted meals purchased at restaurants with meals cooked at home. Also, people traveled less and the demand for hotel services decreased. As a result, both employment and prices declined in the leisure and hospitality industry.

•  High School / College Student Edition (pdf)

•  High School / College Student Edition (html)

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Audience:   High School, College, Consumers
Language:   English
Subjects:   AP Economics, Economics
Resource Types:   Publications, Lessons
Concepts:   Demand, Supply, Business Cycle, Economy