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The National Broadband Network Company (NBN) wanted to slowly reduce their internet connection prices to benefit consumers. However, any price mechanism they try is just increasing the CPI (Consumer Price Index). The CPI measures change in price level of consumer goods and services purchased by households; in this situation specifically internet providers. We all obviously need the internet, but many companies are struggling with correct pricing, a key component of their business. They are beginning new projects that need more money, which in turn causes a price hike. The article uses a lot of technological 'lingo' with statistics to back up plans of price comparison.

The rationing function ( a specific aspect in price mechanism) Prices serve to ration scarce resources when demand in a market outstrips supply. When there is a shortage of a product, the price is bid up - leaving only those with sufficient willingness and ability to pay with the effective demand necessary to purchase the product. In this case this countries are finidng a suitable way to solve the issues regarding issues concerning gas...

This article describes the recent growth in a number of firms producing Greek Yogurt in the United States. As a result of this growth, the firms are experiencing economies of scale and they are all expanding their factories to increase their output. As the article states: "The Chobani plant today bustles with 14 production lines mechanically squirting yogurt into plastic cups that zip down conveyor belts." - this shows a technological improvement that is an economy of scale: due to the increase in size in the firm, it can employ more efficient, lower cost methods of production.

This Financial Post article talks about the successes of Porter Airlines, a small Canadian company that founded about 5 years ago. The company is currently moving through the price mechanism, but hasn't reached its second equilibrium yet. Its demand has increased by a lot recently (due to holding a monopoly at their island airport in Toronto, and higher profit margins per plane compared to other airlines), therefore shifting the curve to the right. However, since the Price has yet to increase, they are stuck at the 'middle stage' of the price mechanism where the demand is higher, but the price is still the same. We can predict from this that the prices will soon increase to make a higher profit with the growing demand, as we've seen in the textbook graphs.

This article concerns the industry of solar panels. Last year, demand for solar panels doubled in countries such as Germany and Italy. This was in response to the increase in supply. Last year, the average price of a solar panel halved due to advanced technology (a ceteris paribus factor of supply). This decreased the costs of production of solar panels, shifting the supply curve to the right. In response to the low prices, demand also increased. This demonstrates the price mechanism.

This article demonstrates the concept of equilibrium by pointing out that there is a shortage of sugar in Europe because the EU is trying to shrink the sugar industry. The shortage of sugar means there's excess demand; the supply is insufficient because of certain trade barriers and import duties.