Group items tagged

There has been a shortage of propane in the U.S. due to weather conditions. This will cost a lot of money to make up.

This is very concerning, I live in a cold climate and without heat... I can't imagine surviving, needless to say this will make prices soar, which are already expensive to begin with.

The closure of several nearby coal-fired power plants coupled with the booming natural gas drilling industry is creating a shortage of cinders that has forced many local public works crews to wonder if they'll soon have to find an alternative for treating winter roads. Due to the shortage on the market, the price of the products rises and thus the aggregate supply as well.

This article talks about the shortage of helium worldwide, resulting price change of helium, and the impact on party service firms.

This article talks about the idea behind Starbucks and how they increase their prices. It establishes a connection between PED and PES. It also talks about how we gone from not appreciating coffee to becoming a caffeine addicted economy.

The price of condoms in Venezuela have skyrocketed to $755 a pack due to a collapse in oil prices. This is an example of market failure with dire consequences. Venezuela has one of the highest HIV infection and teenage pregnancy rates in South America. The collapse in oil prices has caused shortages in many basic products.

This article discusses how asking prices for London homes rose to a record this month as values increased drastically. Prices in London climbed 3.6 percent from March to an average 572,348 pounds ($958,000), due to a lack of property for sale.

The decreased production of bananas means there is an excess of demand for bananas. The shortage of bananas demonstrates how to correct and balance the market, the banana increases in price for the market to be in equilibrium. The excess of demand automatically forces the price to increase, demonstrated by the 16% increase, until the market is at equilibrium.

This article concerns the climate change and what it could cause for the country, which includes water and food shortages. These are affected by the climate damaging the crop production. This is relevant with this week's topic because the supply of agricultural food is decreasing, therefore causing the prices to rise. This rise in price therefore helps the allocation of the food, which is a serious impact on the country.

The article suggets how economic growth is likely to decrease in the near future and how there may be a global shortage of aggregate demand. However, the article also suggests that investment in the public sector could invert this crises and states that "productivity gains are vital to long-term growth" as they lead to, higher incomes and increase demand.