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Colorado voters approve 25 percent taxes on recreational marijuana

This article talks about how the US economy has grown by 3.6 percent in the third quarter of 2013, and how stockpiles account for a vast majority of this grow.

This article is about the launching of iPhone 5C was highly anticipated to be very popular in China. The truth was that apple has decided to trimmed the iPhone production by significant 35 percent while increasing production of the more expensive iPhone 5S by 75 percent to meet the increase in demand. This implies that Apple is very responsive to the change in the demand curve by increasing the supply curve quickly. Apple is an oligopoly, which is highly responsive to the elasticity to the demand by shifting the elasticity of supply in China.

Indonesia's economy is reporting the slowest growth rate in 4 years. While in the previous years the GDP increased by over 6 % this year the economy only grew by 5.78 percent. Apparently are declines in the import of raw materials and machinery, and the Indonesian central bank raised its benchmark 5 times to account for their current deficit of 10 billion.

Supply, technology, unemployment

this article relates to our week 9, study because it tells us the the consumers demand for energy is inelastic and how the government decisions affects the price of company products.

Naira down almost 4 percent this year as oil prices fall. Due to a recent fail of major Nigerian banks lending of US dollar his high. The Central bank is trying to ease the pressure on the Naira but putting tighter regulations in place when it comes to borrowing foreign funds. This may be an attempt to reduce demand for dollar and decrease supply of Naira.