Baby Formula Shortage- Econ in Real Life

In this video I explain the causes of the 2022 baby formula shortage. It's a fascinating example of many of the concepts you learn in an economics class like supply and demand, market concentration, competition, imports, price controls, and regulation. I know that my approach to this subject in very "academic". My heart goes out to all the families that have struggled through this crisis. The good news is that I think it will be over soon. Thanks for watching.

Students- Need more help? Get the Ultimate Review Packet
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Teachers- The worksheet for this video is in my Case Studies Worksheets
https://www.acdcecon.com/econ-cs-work...