Economics IB Allen Perry

"Natural gas briefly sank to its lowest level in a month as forecasts for warmer weather point to lower expectations for heating demand. Natural gas for November delivery is down 12 cents, or 3%, at $3.919 a million British thermal units on the New York Mercantile Exchange." In this article, you can see that because the factor of the environmental conditions (warmer weather) is lowering demand for heating systems, natural gas stock is going down its demand curve - te quantity stays the same while the price lowers.

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.

This article speaks about how the Starbucks franchise has created a greater demand, thus a greater supply of pumpkins since they released their new Pumpkin latte in 2005. By doing so, it shows how a single organization can influence the entire economy.

This artcicle talks about the supply and demand for the Nintendo Wii. The suppliers did not think that the demand for this procuct would have been high. Therefore they procuded a low supply of Wii's.

good article about a company messing up in a good way sort of. this is very intersting especilly since the company it talks about is pretty big.

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.

As all of IGL's gas sources are dollar-linked, the entire input price is totally dependent on price of dollar vis-a-vis rupee, after a weaker rupee made imports costlier, the supplier of compressed natural gas (CNG)- the Indraprastha Gas Ltd (IGL) in Delhi and adjacent areas increased the price of the green fuel by 5%.

The Toronto stock market headed for a lower open Monday in between big earnings and expectations which lead to disappointment from IBM Corp, since their revenue was less than predicted. In addition to that a concern about the overall global economy. However markets gained equilibrium at the end of last week.

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 is an article about the traffic problem in Europe. There is a 46 percent increase in the costs imposed by congestion like fuel.

This is an article about how Apple dropped the iPhone 5S' prices; order to clear out the stocks from them. By doing it, they have tied their prices with several other online retailers which sell this product.

In the news they assess the fundamental factors moving sugar prices in key markets such as Brazil and Thailand; the impact of macro-economics, weather patterns, increasing global competition and subsidies in India; and how the sugar / ethanol production balance could prove to be crucial for the long term outlook of both markets.

This is an article about abundant supplies and weak demands which have driven global oil prices to levels not seen since 2010. The slump is accelerated by some comments from an oil nation. It is accelerated to keep output stable even if it means to drop the prices further.

This article is about Apple couldn't supply enough iPhones to satisfy the demand of customers, due to supply constraints. The shortage on the supply was not due to a strategical mistake: Releasing it on the west and China simultaneously, resulting 9 million sales on the first week, exceeding the expected number.

When Apple released its new phone there was huge surge in demand as the factor influencing demand, consumers preference had inclined towards Iphone's. Thus, the supply of Iphones could not be kept up to the demand.

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.

Americans have a rising demand for British hop beer.

The robusta bean, commonly used for making coffee, is going up in price as the result of the growing demand for coffee. The demand for the robusta bean has grown greatly over the last years as a cost friendly alternative to the more expensive arrabica bean. The gap in price between the robusta bean and the arrabica bean are closing in on each other, as more businesses are looking to minimist costs.

An Asian Development Bank said that India is in danger because of the water scarcity conditions. The annual average of water is reducing per capita and it will cause a water scarcity. They are in a dangerous position. Unfortunately, there are also some other things that causes the increase of the scarcity like more demand of water to factories or some changes of amount of water of rainfalls. I think this is a really important problem, especially for this times. Last year, it didn't rain very much in my city and we had some little problems about water because we didn't have any in our dam. For several weeks, we didn't have much water and I had never thought that would be a difficult thing. It is hard to take a shower, or to brush my teeth with less water. This article was interesting because water is like the most important thing in our life because without water, we can't do anything. I also related water scarcity to my city this summer and I hope that it will rain a lot this year.

In order to meet the demands of electricity in Nepal as well as export electricity to power-hungry India, the Nepal government agreed allow GMR to construct the 900-megawatt Upper Karnali hydroelectric power plant in the northwest. The project set for completion in 2021, which will provide 12 per cent energy free to Nepal to ease a crippling power shortage and help its economy emerge. An agreement was signed to construct transmission lines across the border to transmit the remaining electricity to India, which can help reducing the extreme scarcity of electricity in India. I agree with the project because this can decrease the scarcity level in both Nepal and India.

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.

Liberia was going through a lot of deforestation, and was going to become the number one deforested country. Therefore Norway has jumped in to help with this crisis, by saying they will help pay for development aid, because there have been fears that the Ebola crisis would increase the logging in Liberia, who are really desperate for cash. This part of the news shows how Liberia would cut all their trees and take away all of their valuable resources for the money to help cure it's people. As of now Norway will pay the impoverished West African country $150m (£91.4m) to stop deforestation by 2020.