Jacob Solomon's group - M2015(B)

The article's main topic is describing the reasons of not adapting supply of lawyers. Although the demand for their services is decreasing, their wages are still as during typical prosperity. The author states that the unwilling law milieu, It is an example of a supply curve which do not change in order to get equilibrium price. The reference to the game theory indicated in Johnson's essay which considers such stalemate as 'lose-lose situation'.

This FT article talks about how the price of cooper is dropping, therefore, the supply is higher. However, the demand is still decreasing.

This article illustrates how a increase in supply of copper shifts the equilibrium of the price and demand for copper.

This article illustrates how a increase in supply of copper shifts the equilibrium of the price and demand for copper.

Drugs are raising in price due to price mechanism, now the government might start getting involved and lowering prices to some drugs

This article relates to equilibrium and price mechanism because it describes changes in impacts of the market. Stakes are growing, there are "intensified speculation about America's long-term stability" due to a downgrade in the country's credit rating, and an unstable state at the "fiscal cliff". These worries and a political impasse in Washington are some impacts that has threatened negative economic repercussions in the US, moving the market equilibrium. In response to changes in price, resources are allocated and re-allocated. However, profits are still able to be made making the equilibrium more stable without excess demand and supply, due to that the US has its popular culture and economic innovation, helping the country to retain attractive qualities for many foreigners.

I think this is a very serious matter, that could affect the world's over all economy if it goes on for a while. We can see that obviously a majority of the world's largest companies are american and based in america. If this effects any of those companies, the market they operate at will see a big change, both in the good way and the bad one.

This article talks about how Ed Miliband wanted to cap the price on domestic fuel. His policy aimed at restricting how much people would have to spend on energy so as to improve their general purchasing power as well as reducing business costs. This affects the suppliers negatively as it will reduce their profits, however it might also increase consumer demand.

this article talks about the price mechanism and influence on the price that could be caused by two corporations which are very strong on this market. both industires have impact on price and the dispute should be resolved by the supreme court.

This article gives us an idea on how prices of some necessities are set. In this case two of the biggest companies in the oil market in their area are having some disagreements on what the price should be. Since they have a big share of the market, they act like a monopoly. the supreme court intervention was required to help settle this dispute.

This article shows how demand for shares in the newly floated UK postal service Royal Mail has pushed the price up from 330p a share to 450p. This is the price in which demand is seen to be equal to supply, something the UK Government are being criticised for failing to notice as they believed 450p was a far to high price. The move itself if highly controversial and has been a hotly debated topic ever since it's proposal with many employees fearing that jobs will be lost.

I think this is really normal. Simply because private companies tend to have higher efficiency rates and therefore make more profits, this is the business part of the reason. Now if we consider the economical reason, I think that higher profits (deviants) will attract a lot more shareholders, this means higher demand. from the other side, shareholders will be willing to keep their shares as the company is making more and more profits, therefore less shares supply. So in short, more demand, less supply of shares could not lead to anything else except hiher prices and greater value of the company.

I wasn't able to take this article from the Newsstand but I found it on the web. This may increase the Demand and therefore the supply because of the Government Intervention. If the US force launches in Libya the supply in the weapons sector and all the complementary products because the Us's army will need some supplies.

The article is about how the demand for flights in Asia - mostly China is rising. Last year 1 out of 4 people were on a flight and this will increase. Therefor the flight company Airbus has predicted that they need an increase in the amount of flights to 29,226 passenger and freighter jets in 20 years. This would have a total cost of $4.4tn.

This article talks about how because of the recent events that are happening in Egypt, the demand to visit the country has dropped.

This article talks about the market which was probably more affected by this crisis. The house markets. The article presents data through which it is clear that the demand for house's has fallen and therefore the prices went down a lot. The only country where the house market is still growing is London in which the demand is very high.

This article shows how the demand for 3D TV's is increasing but broadcasters continue to not offer much 3D content to their viewers. 3D TV's were predicted by many to be a commercial failure, as the home experience is said to be not as good as the cinema experience but demand has continued to rise among consumers. Broadcasters however are not so keen to provide 3D content as they have their ever changing gaze to future investment in 4K technology in the continuous attempt to keep up with the relentless pace of modern technology.

I think that one of the reason that will not allow 3D technology to get popular is its very high cost. This is not only for consumers who are buying the TVs and Glasses, but also for producers. IT is an extra cost, without an extra profit.

This article says that the Iphone 5S had a high demand. This shows that the prices of other products such as the Samsung products did not affect the demand for the Iphone. Even though the new iphone had a higher price than other products, there was still a high demand.

Shows and example of "Demand" and how selling the product for a lower price could result in more units sold.

This article shows that there clearly is a demand for a phone which will not be dated after only about one or two years. If this project will be realized and the phone goes into series then it will be a serious competitor to the iphone, and the demand curve for iphones will move to the left because now there is an alternative product which is cheaper.

This article shows how the demand dirrectly effects the price of one recouse. The change in demand is due to a change in taste of the customers, and a shortage of cocoa beans.

This article shows how total income and trends affect demand using an interesting example of coffee.

This article describes the sales of the new Iphone 5s and 5c over the first weekend. They had a great number of sales, however the demand for the Iphone 5c is not what they expected. It is said that the price is still too high for their target market. Apple was hoping to expand their market into Asia by producing a cheaper version of the IPhone in order to increase their market share, however it is likely that they will fail to do so, because the demand will remain low as the product is still not affordable for many Asians. Relating to our question of the week, the price helps allocate a product in the free market because it determines who the target market is, and if the pricing is off, it will effect the efficiency of the sales.

This article describes the sales of the new Iphone 5s and 5c over the first weekend. They had a great number of sales, however the demand for the Iphone 5c is not what they expected. It is said that the price is still too high for their target market. Apple was hoping to expand their market into Asia by producing a cheaper version of the IPhone in order to increase their market share, however it is likely that they will fail to do so, because the demand will remain low as the product is still not affordable for many Asians. Relating to our question of the week, the price helps allocate a product in the free market because it determines who the target market is, and if the pricing is off, it will effect the efficiency of the sales.

This article is about how government interferes with the price mechanism, known better as interventionism. It is worth looking through!