The following article discusses the price controls planed by the government in Venezuela. Due to the Christmas season arriving, the government has lowered prices of products to benefit employees and prevent surpluses of products.

This article covers the topic of excise taxes in which the state of Massachusetts' government has tried to place an excise tax on tobacco in order to reduce the usage of it and improve people's health.

This article shows how oil prices in in the United States have been dropping quite drastically which is a huge plus for consumers. However, for oil producers their total revenue has also dropped which does not benefit them. The article displays price elasticity of supply because as more and more oil is being produced, the price of oil then raises. But in this case it is the opposite.

This article explains how price changes affect the demand of a product, PED. In this case, customers react differently to price changes in beef depending on other factors. I think this article shows a clear picture of how the elasticity of demand is affected by consumers and their consumption of beef.

This article discusses the concept that when energy stocks declined, other businesses find the balance in demand and supply. However the market is concerned about is a gravitational pull downward due to slower global growth.

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 article is about how the scarce resource of water is affecting Iraq's stumbling economy. Although a "seawater injection" project has been designed to help Iraq's economy, the lack of resources is what is holding them back. There is also a lack of materials (industry sources) being used to extract the water from the fields; pipes, pumps and new kits to separate larger quantities of water are also scarce. Overall, this article shows that Iraq must deal with what materials or resources are vital to benefit themselves. Scarcity of water and labor sources are affecting a boost in their oil production. -Victoria Benavides