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The above article is about the price mechanism and how it is used to price oil. It talks about how the price is allocated depending on other companies as well as demand, which is why i think that this article is very appropriate as a real life example of what I am studying on this chapter.

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

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.

("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.

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.

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.

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.