Group items tagged

the high demands of iPhones couldn't be fulfilled as the supply is too low for all the consumemrs.

The workers protests in France have stalled production in the country's oil refineries, leading to concern about potential shortages in the supply of fuel

Actually it is not directly related with the supply; but I found it interesting to share. In this article it is stated that Nato supply line in order to prevent attack of Pakistani military.

This is about how a high supply of oil is causing a lower profit for crude oil.

This article is about the water scarcity in China. The article also explains why the water pricing should be liberalize.

This article is about the supply of electricity in Nigeria. As we all know, people in Nigeria is facing with a lot of problems such as poverty. Now, they also need to deal with electricity, becuase they do not have enough electricity anymore.

U.S. is having a supply shortage of sugar. The retailer prices have increased. More sugar import is planned to increase the supply and reduce the prices.

This article is about how consumers are paying more for fuel than they have before. The "Big Six" says that it is because of the "opacity" in the price system. This is due to tariffs. There is a "lack of competition" because consumers are unable to verify which prices are the lowest due to the tariffs. Consumers may be purchasing energy from the least efficient company and not know it due to the artificial prices due to tariffs. There are also two other problems. In a supply and demand graph with a tariff in place, one expects that when a tariff is set, the demand will decrease; this is not totally true for energy. Energy is a very price inelastic good and therefore the quantity demanded will not change by much when the price is artificially risen. The other problem with this scenario is that there are only six major energy producers, the "Big Six". This market is a very oligopolist market. There might be a decline in competition simply due to the "Big Six" working as a group to form an imperfect market. 

Indian tax authorities have given Vodafone 30 days to pay a 112bn rupee ($2.5bn, £1.6bn) tax bill, as part of an ongoing tax dispute.

The article is about the UK government which intends to intervene in the market by controlling the condom prices.

This article is about the supply of gas, the demand for gas and the prices of gas. The article also mention the possible effects of the price changes in ethanol and crude on gas prices. According to the changes in ethanol and crude, the responsiveness of demand for gas can be observed.

This is an article about a new phone created by Microsoft to compete with the other devices that are on the market such as Apple, Android, etc.

This is a form of price discrimination as prices of oil are increasing even if the supply of oil is increasing. And the suppliers able to do this and still earn profit as oil is an inelastic good and a necessity. However the suppliers do not have to worry about reducing the price of oil as the demand for oil would not become elastic (at least for now and a long time).

This is not really an example of price discrimination as consumers are not separated in different groups and prices are not different for different consumers.