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The iPhone 6's demand continues to increase everyday, outstripping the supply it can provide to the people. This is a great example on how price mechanism works in our real world, where people are more attracted towards luxury products and would do anything to get it.

As I read ,Iphone 6 became a new hit in the World and it will continue to be.Regardless of its price people are tent to buy it all around the world.Demand is higher than as Apple expected .Changes in prices influence the production of goods and services and the demand for them so production will be more but whether they change the price or not there won't be a decreasing change on sales of Iphone6 which is an example of price mechanism

Iphone 6 has become the preferred product for mobile consumer users and seen as a sign of prestige as well as satisfaction derived from getting the latest product. Preference is a factor that influences demand of a product. Therefore the demand for Iphone 6 will continue to remain high in the market irrespective of change in price till consumers preference changes.

This is an article about the regulation of diesel price by using the price mechanism. An the effect of this regulation on the inflation.

This article talks about the sharp decline in oil prices this summer after an abundance of the good was extracted. The article also points out that the demand for oil still remains relatively constant. This increase in just supply - in accordance with the price mechanism - brought down the global price of the commodity in order to once again equilibrate the market.

The ubiquitous coffee chain is slashing prices on its packaged coffee by 10 percent - from $9.99 for 12 ounces to $8.99 a bag. Starbucks raked in $380 million from non-café sales last quarter - with a profit of about $2.55 per bag. The article indicates how in order to increase the quantity demanded for the baged coffee they will have to decrease its price.

In my opinion, this article is a great example what companies can do to keep up with the competition in the market and to increase the demand. It also shows how effective competition can be on even major companies such as Starbucks.

I think this is a great article to show how Starbucks is using price mechanism as a factor in competing against it's competition. It shows how a major company like Starbucks can become the market leader.

10% of China's land is arable. In this percentage, a tons and tons f grain is produced. Over the years, due to shifts in non-price determinants of either demand or supply, the equilibrium of the grain market has been disturbed. The market, has not been able to adjust to a new equilibrium hence there is an excess supply of grain which is going waste. China needs to apply the price mechanism to attain an equilibrium, and stop a surplus from being produced.

A bumper crop of grains has decreased the price for corn, soybeans and wheat. This is a good example as to how a non-price determinant of supply can effect the prices of products, which in turn cause an increase in demand. Although this may be good for the average consumer, economists need to make sure that inflation doesn't fall too low, or cause deflation. This could cause corporate profit losses, causing wages to lower, which could potentially cause the economy to go into a recession.

Interesting article. Talks about how if one would put a price on carbon or a tax on carbon emissions we would essentially cut down or discourage pollution.

This is indeed an interesting article, climate change is definitely changing our lives and governments are trying to control the impact of climate change through carbon taxation.

Here is another point of view to the possible outcomes of government interventions to inflation. In US' case it is Federal Reserve Bank who is the decision mechanism that determines the monetary policies.

This article discusses how the price of oil has slumped from $115 to $92, a decline of 20% and the lowest for more than two years has in turn increased the quantity demanded for the raw commodity of oil. The article also discusses how this chain of events will allow for an increasing equitable distribution among consumers.

This article discusses how water is being sold too cheaply, even when there is a drought. Here price mechanism should come in to regulate and allocate scarce resources. It says that people consuming the water have no incentive to stop wasting if the price is so low

Also, Water is quite inelastic since people will continue to use it (largely because we need it). The fact that it is so inelastic can actually be dangerous. this is because we continue to consume it whether or not the price increases.