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In India, bananas, apples, and grapes have been growing price. As the law of demand states, this would lower its demand. Oranges are growing in demand due to its low price. The changes in demand of fruits in India describe the relationship between demand and price.

Hey, I like your article because it really links to the Demand topic we did last week. The article is clearly describing the increase in demand of oranges because its substitutes' (apple, grape, banana, etc) experienced the increase in price due to the damage of plantations, and thus their demand had decreased as well. The price of oranges in this part of India stayed the same (Rs40 per kg ), and the price of its substitutes increased from Rs40 per kg to Rs50-60, per kg. The orange demand curve will be shifted to the right because one of the 'ceteris paribus' determinant has changed, and the apple, banana, or grape curve will experience the movement along the curve (the slope) as the price will go up and quantity will decrease. Andjela :)

Hey, I also enjoyed the article even though I wanted to share this article and got a little upset when I saw you have already come across with it. Anyways, I think this is really a good and pure example of the law of demand as you state since the damage on the substitutes of orange increased their price. But I also think that enterpreneurs should aim to supply the substitutes because I think that organic food industry is a fragile market and they should somehow balance the prices. But until then, I guess I'll be okay with oranges :) Alp

Rabobank are bearish on the global fertiliser industry.In urea, a temporary imbalance between supply and demand could put further temporary upward pressure on prices.

This article is about the problem between the demand for fertiliser and the supply in India. Since there is no budget to increase the supply, it can't satisfy the rate of demand, therefore the equilibrium can't be made.

This article informs us how there are great concerns as oil prices are dropping because the 'tepid demand has forced oil producers to cut prices to attract buyers'. However some in the article are still hopeful as they believe that oil consumption shall increase as we get closer to the winter seasons. The low demand is getting rather concerning for oil companies and demand must increase if companies want to see oil prices increase again.

Prices of robusta coffee beans are up 13% in the past year because of rising global demand, especially among price-conscious consumers in emerging markets like Russia and Brazil. This article shows how price is affected by demand.

This article is about the change of coffee demands and how it affects coffee firms.

This article is about the extraction of platinum which has fallen. It talks about the demand for the metal by automobile companies and increase in the price of automobiles which would cause peoples demands to decrease. Platinum is most preferable used in the making of diesel engines which means most engine companies may face a downfall in their production.

Taiwan Cement said it has raised prices in Guangdong province because of rising demand in China's market. This will benefit Taiwan Cement's profit. This is closely related to the demand curve and assumption that due to high demand, product prices will rise.

This is an article about apple's newest product 'Apple Watch'. The author simply brings a a topic that bothers me too on to the table and critizices Apple on that which is that this product being compatible with only other Apple Products. More than that it is compatible with the "newest" Iphones and very expensive. Mr Roy simply says that this is a missed opportuinity for Apple because if they had lowered the price and made their product for non-apple users too they could have doubled their addrasable market. So, I believe this is an article about opportunity cost because Apple has lost its opportunity open up to millions of extra buyers in order to gain more money. Their opportunity cost was their addressable market. (Sorry everbody, I added this 2weeks ago, but apparently I forgot to share it, so here we go :)) Sinem Sınmaz

Hey, I like that you've linked this article with the opportunity cost however I also think that this article links to the Law of Demand as well since the demand curve of the Apple products experiences change in 'ceteris paribus' determinants.The launching of a new Apple watch has broadened the targeting costumers of the Apple products, since now they also have support from the buyers who would rather buy an expensive smart watch, than a tablet or laptop. This is similar to launching the IPod in 2001, when Steve Jobs attracted more buyers who were music lovers, and thus increased the demand in the product without decreasing the price of the same. This change has an effect on the demand curve, because it shifts the curve to the right since the demand of the Apple products increases. Andjela :)

Despite being partially right about claiming if they have lowered the price they could earn more, I also think that by increasing their prices and only providing compatibility between their own devices make it compulsory for people to buy not 1 device from Apple but more since they are only compatible with each other.

This article demonstrates elasticity of demand for oil. It also has a nice explanation of elasticity

Tutar, I very much agreed with you here. Gasoline is a great example of Inelastic demand in a real life situation. The price for Gasoline is very rigid, gosline is a necessity to many peoples lives.In this case an increase in price will mean an increase in revenue. There is a positive relationship between price and total revenue. From the supplier's viewpoint, this is a highly desirable situation because price and total revenue are directly related; an increase in price increases total revenue despite a fall in the quantity demanded. This inelastic demand for the suppliers is a highly desirable situation. An increase in price will increase total revenue despite a fall in the quantity demanded. So theoretically Oil companies could charge astronomical prices and get away with it !!

This article concerns the elasticity of oil supply falling due to the time it takes to acquire it and the difficulty to get it. More oil wells are needed and therefore makes the supply extremely slow because of the time it takes to drill. Because of this, the oil supply takes a long time to react to price change in the economy, making it less and less elastic.

This article talks about how the new iPhones and the new Galaxy notes will fare in the market. We hear about the demand of these products, more than 4 million copies were sold in the first 24 hours of preorder. There is a high demand for both of these technological devices and the demand is very high, especially for the iPhone, There is a higher demand than they have currently produced.

This article reports the aggregate demand decline in Israel as well as Gaza strip, it relays thoughts of industrial firm owners who hope and expect an increase in the near future of a reduction in production costs due to oil prices declining, a very relevant topic as always is the price of oil.

This article is about the West Bank overall economy has witnessed a decline in aggregate demand for the second consecutive month, mainly due to partial payment of public sector salaries, due to Israel's withholding of clearance revenues, according to the Palestine Monetary Authority.

This article basically discusses what aggregate demand is. It also discusses the factors that make it up and how its a reflection of the economy.

This article by Laura Acavedo talks about interplay of economic factors that help increase demand. The article starts by saying that understanding these factors are important for the growth and future of small businesses. The factors that the article views are Interest Rate Decrease, Decrease in Taxes, International Involvement and Government Expenditures. I think this article is quite helpful for us all, and I would advise everyone in this class to read it :)

This article discusses how the drastic increase in price for a seat at the 2013 Super Bowl and the writer is saying that this is mainly because teams want to make the most out of every seat and people are still willing to pay the high price.

This article explains the change in price of Super Bowl ticket price in terms of Price elasticity of demand.

This article covers the responsiveness of demand change regarding the pricing of the tickets of the Super Bowl XLVIII

Hi, There is a web article about the gushing oil demand. Basically is that the demand of oil is the world have been increasing while the production of it have been decresing, That means that the cost is more than before.

This Article talks about Oil, and how the prices of oil have went drastically down in recent times. Oil has a different market than most products, The supply is up but the demand is flat so the prices are falling. It also mentions how the Law of Supply and Demand will soon be able to be applied to Oil, as well.

Short description: The demand for water bottles has decreased due to the increase in price. Normally, when price increases, the quantity demanded for the product decreases. People want to save money and reduce environmental waste. Environmental groups are also conducting campaigns to persuade water bottle buyers to reject the product as wasteful. Different companies have been cutting their prices in hopes of taking back their customers.

This article talks about how the demand for laptops was incredibly low during all of 2013, due to the new fad, tablets. It talks about the decrease in laptop shipments and how sales have gone down.

I think that the amount of resources are surpassed by the demand for chocolate which creates a huge problem.

Dude. this is crazy I had no idea! the demand for chocolate is much too high for the amount china can make. I think that we need to lower our chocolate distribution in order to sustain it for the future.

This article focuses on the variable that influence the supply and demand of olive oil. the European Union produces more than 80% of all the olive oil in the world. This article tries to prove that the price of crude does not impact the supply of Olive oil. We also learn about the supply elasticity of oil.

This article is from Forbes, and as you know Forbes provide articles from news and analyse them. This is what we definitely need to go through sometimes. Besides, the article talks about corporate profits and aggregate demand.

The average household income is increasing which means that the demand for self-employed workers is on the rise. As the income rises, the consumers are more willing to hire self-employed workers such as lawyers or plumbers more often. This means that the labour of these personally-hired workers is a normal good because when the income rises, the demand rises as opposed to an inferior good.