This article talks about how rise in sugar prices affected the demand and prices of candies. It is a great article to write an IA on, because it is possible to create graphs for it and there aren't any economic terminology that we haven't learned. It's too long, but I will cut it down.
in this article is vividly showed how tax on some products increases their price and decreases their consumption because consumption of these goods causes negative externalities
From Sondos, sent to Mr. Baron:
Whilst theinternet and technological developments provide massive opportunities, theyalso create problems. For some time now, newspapers have seen declining sales,as more and more information becomes available online. The higher price ofbuying newspapers decreases their demand all while increasing that ofinternet-based news links. Type something into Google or any other searchengine and you will typically find thousands of relevant articles, even if thestory has only just broken. As revenue from newspaper sales falls, revenue hasto be made somewhere else to continue investment in 'frontline journalism'. Thequestion is: where will this come from?
THIS ARTICLE DESCRIBES INCOME ELASTICITY CONNECTED WITH HOUSING. IN THIS ARTICLE IS VIVIDLY SHOWN extensivy literature on the demand for housing and problems of estimating income elasticity of demand
This article talks about how Windows laptops prices are falling while Mac ones are remaining the same, what will definitely lead to a decrease in demand for Apple laptops as their XED is negative and are substitute goods in direct competition.
The article highlights certain industries/producers that succeed during a recession, all related to the idea of negative income elasticities or inferior products. Examples from the article include discount retailers such as Walmart, 'sin industries' e.g. cigarettes, selected services e.g. renovation (people focus on what they have and try to improve it rather than purchasing something new). The article also praises firms that tighten up costs and expand on 'core product' ranges and using 'vast economies of scale' to provide affordable goods to consumers.
This article shows how Americans with a higher income use iPads, e-readers, computers, cellphones more than Americans with lower incomes. This is an example of income elasticity of demand, where an increase in average income among Americans will lead to more demand for computers, cell phones and other electronic devices.
This is an article examining how other products are dependent on oil, and therefore argues whether or not we are irreversibly dependent on oil. That is, it is examining a cross elasticity between oil and many other products by way of a strong bond between the two.
This report talks about how prices may increase due to the increase of demand, taking into account there is not a maximum price below the equilibrium point.
This article talks about coffee prices. 14-member Association of Coffee Producing Countries and some other countries have met and decided to retain 20% of coffee exports, until the average coffee price set by the International Coffee Organisation rises above $0.95 a pound.
GM's stock price goes way up because an unidentified person offers to purchase more stocks than they thought they would sell. This is a great example of how demand directly affects price.
