Question

YOUR BUDGET CONSTRAINT ANALYSIS

Instructions:

In your reply, answer the following:

Think back from March 2020 until now, during the COVID-19 pandemic and:

1. Describe the most fundamental consumption decisions (of goods and services) you have made (and can be shared);
2. has COVID-19 affected or benefited you, and why;
3. provide an example of consumption decisions you have increased, and why;
4. provide an example of consumption decisions you have had to sacrifice, and why.

Answer 1

Covid19 has made our lives a tragic one and it flip-flop ped our daily routine. Due to lockdown we were not in the streets unnecessarily and we were in quarantine. So, its difficult for us to go out and purchase goods for our daily needs. So, we started to sacrifice purchase of unnecessary goods in our daily routine and we added some healthy foods to maintain our resistance level high.

Consumption of highly healthy foods is the most fundamental consumption decision that I made during Covid19.

My Consumption that affected in the sense I will say that I consume more junk foods so, this lockdown has affected it.

In the way I have to sacrifice means then I will say that consuming junk foods because it is not good for our health.

Then what I have increased consuming in the sense, intake of healthy foods has been increased due to the current scenario.