Economics: The number of social media (Facebook and Twitter) users before and during the COVID-19 crisis was affected

Data source:Statista: Internet > Facebook: number of monthly active users worldwide 2008-2020

Twitter: number of monthly active users 2010-2019.

Please provide:

Theoretical Background

(how research is conducted. Provides information on how the researchers formulate research and how we investigate the problem.

Research social media theories and concepts, and explanations. The theoretical framework assists to interpret and understand the findings of research and make sense of data).

Data Analysis:

(Draw and explain figures. Do you see any theory that matches your research outcome? If yes, what theory? Is it the Law of Demand? Or it does violate the Law of Demand. If it does, why? Give your opinion.)