Group items tagged

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. 

As the demand for oil is increasing, the supplier will be enjoying a great income of profit.

This article is about the increase in China's oil demand. It is helpful to understand the demand and price relationship.

This article discusses the demand for gold, which has drastically increased in the past few years even despite the recent recession. This increase in demand has also driven the prices up.

The new article is about hte cross-price elasticity of demand is used to see how sensitive the demand for a good is to a price change of another good.

Ozge, this bookmark is not a news article but a revision material which would be useful to include in the wiki study guide. Bookmarks should be 'raw' news articles from the web that will give students the opportunity to use learned concepts to analyse in future blog activities.

I think that this article is very relevant to our Week 5 topic demand not only because it is about Apple but the fact that they constantly develop new technologies to increase consumer demands.

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.

it appears the demand for apple products went up. What do you know.

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

This article documents the rising demand for silver due to its many industrial applications, particularly its use in electronics and solar panels. This rising demand has cause the price of silver to drastically rise, even outpacing the price of gold.

The poverty gap is closing between suburbs and inner cities As I understood because of the needs of people and demands who are below the poverty line there are some storefront where those people can benefit from.

the health spending in US is very high. Even when we compared it to France's. It is also known as the country who spends more on health care than any other country in the world. As they have as well count in per capital terms.

This article is about the price elasticity of demand for housing in different countries.

as the oil prices increases, high sales are on scooters, bicycle and others.

as the sales of iphone has increased, the market share has as well drastically jumed from 3% to 11% .This shows the demand for apple iPhone is in a good stage.

to attract more demand, iPhone features more application such as new apps, wifi, and many more.

The article is discussing the effect on recent in events in Egypt on their exchange rate. The exchange rate has devalued drastically in the last year and economists say that a further devaluation will almost be inevitable, as it is likely to cause a very bad inflation as well as further social unrest. The reason for the devaluation in the currency is reduced demand for the currency, for example there are much fewer tourists in Egypt now that have been before.

This article talks about the "rare" trade deficit that China may experience next year. This is due to weak demand in Europe and America for Chinese imports. It is ironic in the sense that we perceive China as an exporting 'power-house' and now it is experiencing a trade deficit. This would limit the growth for the Chinese economy.