In the past year and a half, the coronavirus has changed the way that people live life. During this time everyone was quarantined for two or more months learning how to bake bread, doing homework outs, or learning a new language. One thing that everyone did was watch a ton of T.V. During this time streaming services like Netflix and Disney+ were in high demand. More and more people bought access to their favorite streaming services, leading to an increase in the demand for streaming services. This in turn allowed for different streaming services to create more content for people to consume. As the quarantine period came to an end the need for streaming services like Netflix and Disney+ went down. This was because people were going back to normal life and no longer needed these entertainment services. As a result, people canceled subscriptions for platforms that they don’t need anymore. As a result, the opportunity cost of different streaming services went down after quarantine. The opportunity cost of something refers to the value of a good, service, or product when a course of action is chosen over another. At the beginning of quarantine the opportunity cost of the good, streaming service, went up. At the end of quarantine, the value of the good went down because people were not stuck at home all day watching Netflix.
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Great observations and way of connecting the pandemic to Economics. I like how you explained the opportunity cost of streaming services to opportunity costs.