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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 article is about the newest products Apple came out with, the iphone 6 and the iphone 6 plus. It shows how the production of mostly of the iphone 6 plus has been sold out since its debut and that they were not expecting this through there expectations. Now they are accomodating the production lines for the iphone 6 plus.

This article is about high-end watch brand Tag Heuer cutting management and production jobs after a slowdown in demand for its luxury timepieces.

The luxury watch brand Tag Heuer is cutting down jobs in management and production as the demand for luxury watches are decreasing. The company has laid off 46 positions. And 49 people are temporarily laid off until the end of the year.

this article talks about how Curitiba is trying (as usual) to not waste the scarce resources that we have by reducing (or trying to reduce) the combustion of fossil fuels so Curitiba (and many parts of Brazil) is taking one step closer of being a sustainable place.this articles also shows that the people who are producing this product analyzed what the people in the urban areas want most (transportation)and then tried to meet there needs, so the demand for this product is great and may mean that the materials used to make a regular car are used to make BRTs

This is an article that explains what we've learned in the past few weeks, that necessities are inelastic compared to luxurious products. Furthermore it gives information about the customer types and even explains a strategy that can be used when consumer income elasticity is high. It also mentions that products have a "life cycle" and that this cycle is also a determinant in consumer behavior. Lastly, it adds that best method to determine income elasticity is to do research surveys.

The article is about how the prices of breakfast items had a big jump. Since these products are inelastic, their demand seems to be not affected from these minor price changes. Since there are not many alternatives or substitutes for these products (You wouldn't want to eat spaghetti in breakfast, would you?), people tend to show the least reaction to changes in the prices.

This article disscusses how Hershey products fell and haven't met the expectation since it's the season of Halloween and Kit Kat and Reese's exceeded the candy maker expectation. However to reduce impact of volume of elasticty will work closely with retail costumers and insure good advertisment and promotion is being made.

This is a great article! It shows how Hershey has chosen to take in other factors of business such as marketing and advertising to improve it's demand in it's products.

this article is about whether or not the prices of oil are going to go up or not. Oil is in high demand so the price is changing so oil companies can make more money off of it. chaging the price will make the demand for the product change.

As the growing demand for chocolate in Asia specially in China, it is predicted that the price of chocolate could soar over the next few years and the exports stated that the demand could become unsustainable by 2020.

The WSJ's Numbers "guy": The true cost of electricity is difficult to pin down. That's because a number of inputs comprise it: the cost of fuel itself, the cost of production, as well as the cost of dealing with the damage that fuel does to the environment. Energy Points, a...

By Binsal Abdul Kader, Staff Reporter Published: 07:00 July 13, 2014 Abu Dhabi: Food waste adds pressure on the UAE's scarce water resources, according to a senior official of the UN's Food and Agricultural Organisation (FAO). The article talks about food waste in the UAE and how it affects the current issue of water scarcity. Since production of food needs water, so when it goes to waste the water used to produce goes to waste. In addition to wasting of water, all natural resources used to grow, process, package, transport, and to market in goes to waste. The UN's Food and Agriculture Organisation representitive stated that more public awareness is needed to inform the population of water scarcity. In addition to that he informed up to 30 percent of natural resources and energy used to produce food is wasted along with the lost or wasted food. That tells us that more water is even wasted, while other countries suffer from starvation and lack of water. This article interested me as this is new information so I agree that public awarness should be increased as this is a huge issue.

Japan and the United States are discussing slashing Japan's tariff on imported low-price pork products to about a quarter of the current rate as soon as an envisioned Trans-Pacific Partnership free trade agreement enters into force, informed sources said Thursday. The pork tariff would be immediately lowered from the current ¥482 per kilogram to ¥125.

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This article is about a legislative act of American government upon carbon emissions of firms- which is a government intervention towards a negative externality of production.

This article shows how apple watches makes the third party, IE the people around you the targets of negative externality as the product is rather annoying.

This article mentions what exactly is negative externalities and makes reference to real life examples.

Actually this article exactly reflects my opinions about improving technology and its causes.I believe that negative externalities mostly occur because of fast and destructive innovations.. New technologies effects people and they tend to buy all new products as if it is a rule.Eveything changes so fast and we don't realize the harm we cause to the environment and us in that rush.

This article discusses how the Indian Government is clamping down on tobacco consumption by imposing higher taxes on cigarettes, chewing tobacco products, and unmanufactured tobacco. The increase in excise duty in the range of 11-72% for different types of cigarettes is the steepest in a decade. With this move, government taxes are projected to account for around 70% of the retail price of some cigarette types.

Saudi arabia is a large supplier of raw oil. It plans to cut down oil production even more due to the continuos falling prices of oil (since mid-June 2014). Apparently Oil demand is lessening while supply remains strong, causing the prices to drop. According to the International Energy Agency, this will be a year of slow growth for the world's demand for oil.

As oil prices fall as much as 18%, global economy is booming. The purchasing power of the citizens are expected to rise. This steals around 0.5% of the national GDP from oil producers and gives it to consumers.

"But many economists call it a classic case of a government causing a problem rather than solving it. Prices are set so low, they say, that companies and producers cannot make a profit. So farmers grow less food, manufacturers cut back production and retailers stock less inventory." In Venezuela, poorly executed price ceilings are causing massive shortages of many necessities. Although prices are cheap, it is extremely difficult to find necessities like bread or toilet paper.

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.