M2016 Economics SL Mr. Friedman

According to the article California is already dealing with one of the periods lacking rain like that is not enough now there are also rumours saying the dwindling water supply is contaminated.

With the new iPhone 6 launch, people in Australia have been ordering the iPhone 6 only to find out that there isn't any stock. Even with a 600+ EUR price point, iPhones are still in high demand. There are rumors that apparently China is stealing most of the stock because there's a big market over there.

This article talks about how a new Indian prime minister, Modi, benefited from successfully predicting the oil market. The oil prices dropped significantly after the year of 2010, and the Brent crude oil became the cheapest of all the oils. This means that the demand for it is also the lowest, however since Modi carefully observed the demand and supply of oil, he concluded that demand and supply haven't changed much, however the price did get lower. Thus, he increased the prices of oil, trying to reach the state of equilibrium.

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 suggests ways for firms to invest their resources, or money. It talks about where money should be put in for the maximal profit.

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.

This article suggests how according to British business, weaknesses in the UK's supply chain are holding back industrial investment. Approximately 80 per cent of companies say that improving the quality of Britain's supply chain will be vital to future expansion. The industry is asking the government to help boost competitiveness with measures to incentivise innovation and improve financing.

This article discusses the need for oil and how increase in demand in certain areas of the world cancel out decreases in other parts creating a worldwide balance. It also discusses what would happen were some factors to change e.g. increased interest in renewable fuels

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.

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.

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.

Xbox One pricing is regarded as too high for the market equilibrium, seeing as most customers would be unwilling to pay such a steep price. As a result Microsoft would have to decrease the price of the console to see healthy sales.

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

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.

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.

There is no supply of an Ebola vaccine to date and it's starting to become an issue. The CDC's emergency budget has been cut, and it's becoming an issue. We really need to think about how we are allocating our money and how we are going to get rid of Ebola in our country.

This is a relevant subject matter since ebola has begun to spread, a lack of a vaccine is definitely concerning. This raises the question on how much money the government should be allowing for medical research versus for millitary defenses which is an example of opportunity cost, as well as the demand for a cure as well as for security.

This article speaks of a pressing issue I have been following for the last few years. The affect that water depletion is having and will have if we do not stop bottling companies as well as find new ways to conserve water.

This news article taken from the BBC website, is about the supply of jobs in the UK. The unemployment rate in the UK has falling meaning there is a increase the supply of jobs for people.

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.

Europe has had it's first Ebola victim. The disease has killed 3,400 people since March, in Madrid the on October 6th locals are worried about how quickly this will spread. Especially considering that the disease has mutated and is now airborne. Spain worries about the competence of their doctors