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temitopeagoro

Oil market equilibrium fragile, says think tank - 4 views

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    The global oil equilibrium has become extremely fragile and the price of oil has been rising without stopping. Which has been causing the supply to increase but the demand to decrease significantly. Throwing it off its equilibrium
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    This article is really interesting because oil is so important to us in so many ways. As with the example of the couple in Iowa, everything from transportation to feeding animals is affected by the changes in price. The smallest increase in price could cause a shift in equilibrium and could leave hundreds, if not thousands, of people facing shortages.
kishanp16

Markets are trying to find some equilibrium after sharp run up: Anup Maheshwari - 0 views

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    ("This market is trying to...) In a chat with ET Now, Anup Maheshwari, Head of Equities and Corporate strategy, DSP BlackRock Investment Managers Pvt Ltd, shares his views on the market and certain sectors.
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    This article relates to the topic about Market Equilibrium because firms are ready to fic prices at where they hope will be the market equilibrium. Price mechanism is important because the article mentions that prices aree high which means that if prices are high then th eproducers will incentive to create more goods.
camiellalouisa sehidou

Increased Dairy Supply, Steady Demand Lead to Drop in Prices - 2 views

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    Dairy prices have seen a drop lately because of high demand farmers increased the number of cows that produce milk, then again dairy is a primary product and as we learned this week, there is only so much a population can consume of a primary good, and too much supply with an un-proportional demand calls for a decrease in price in order to form another equilibrium.Although the PED for milk is inelastic, it's still a limited primary good and the supply of this having increased creates high PEs especially since season does not affect cows.
mubeen123

Drought Stalks the Global Food Supply - 1 views

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    Photograph by Scott Olson/Getty Images When rain doesn't fall in Iowa, it's not just Des Moines that starts fretting. Food buyers from Addis Ababa to Beijing all are touched by the fate of the corn crop in the U.S., the world's breadbasket in an era when crop shortages mean riots.
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    This article is about how Iowa is experiencing a drought and its not only affecting them, but the rest of the world. Stock piles of corn dropped by 48 percent between march and june, and it has been the biggest drop since 1996. The farmers could only hope to preserve what little crops they have left. Another comment i would like to add is that this article relates to our topic because the farmers would have to increase the crops to $6.75 a bushel. Recently the price for have dropped so as the price decreases, so will the supply, and will result in higher demand.
elvisv

With costly bananas, apples and grapes, orange becomes favourite fruit this season - 0 views

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    This article speaks about the increase in demand for oranges because weather conditions have damaged the harvest of other fruit, such as apples and bananas. These weather conditions have caused the fruits to increase in price because of the lack of supply available. As a result oranges became the number one choice because of its lower price, so people were able to get more for their money. However, the wealth of the company producing the oranges hasn't been shared with the people due to the cost of transportation. They will see if these result will change depending on the next harvest.
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