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Verizon is expecting a surge in demand for smartphones like the iPhone in 2011, however how many Apple devices will sell is unknown because of uncertain quantity of supplies. The lack of supplies has really come to their attention in the last quarter of 2010 were they had a 2.6% decline in revenue. Even Apple claimed that they would've sold way more iPhones in the same period, had they had more supplies to meet the demand. The reason that Verizon predicted that this great surge in demand for the iPhone will come and are trying to gain more resources, is because only 26% of their customers own a smartphone, and they predict that 50% will be on a smartphone by the end of 2011. Verizon wants to be prepared for the launch of the iPhone. CFO Fran Shammo, stated that if Verizon is able to sell 11 million iPhones, that their revenue in 2011 could increase from  4% to 8%, and earnings from 5% to 8%, and these figures could double in 2012.

After having witnessed a loss in profits due being unable to meet the demands of consumers, Verizon is allocating more resources to the production of iPhones. On a PPC graph the demand line would increase showing that Verizon will have an increase in both the quantity of the supply and the increase in the price of iPhones. This is a signal of less scarcity in the market, and the incentives of both the consumer and the producer. Because of this increase in the supply of the iPhone, competition to Apple will have a decrease in potential consumers. A producer's incentives have become to produce more at a higher price. Since Verizon doesn't want to make the same mistake twice, they will allocate more resources to the production of iPhones so that they can maximize profits.

G-7 call on oil-producing countries to increase their oil output in order to prevent high oil prices. The G-7 countries are prepared to call upon the International Energy Agency in order "to take appropriate action to ensure that the  market is fully and timely supplied." The IEA's countries supplied 60 million barrels of crude after the Libyan output was disrupted after the armed uprising. Oil prices have advanced 24 percent since reaching a 2012 low in June as stockpiles fell. U.S. authorities haven't contacted the IEA on the use of emergency oil supplies.  The U.S. has 727 million barrels of petroleum in reserve. Rising consumer prices have dented consumer confidence in gasoline, threatening to curb spending that accounts for 70 percent of the world's largest economy. The average price of a gallon of regular gasoline has increased by 23.5 cents this month. 

The Germany tax rates for an individual are 14% - 45% of their total income. Singles pay on income above EUR 250,731 (couples, on income above EUR 501,462) income tax of 45% before 5.5% solidarity tax and 8%-9% church tax.  An individual is liable for tax on his income as an employee and on income as a self-employed person. An individual who meets the test of a "permanent resident" of Germany will have the tax calculated on his income in Germany and from overseas

The article Supply, Not Demand, to Blame for Pullback in May Home Sales addressed the issue of a lack of supply being the cause for the recent decline in house sales. In May, 1.5% of sales had fallen and the decline of properties is usually associated with the lack of demand. However recently, demand has been exceeding supply. A lack of supply leads to a left shift of a supply curve (price of houses and supply of properties) as there is a decrease in supply. The determinant of this shift is caused by productivity. Productivity is the input vs. the output; firms wish to minimize input to gain the greatest output. In this case, productivity has decreased as the input is not being met to meet the maximum output therefore leading to a lack of supply. It also relates to the basic economic problem of scarcity and that the resource (houses) is scarcer than before which affects the production therefor the supply of the good. However economists predict an increase in the supply of goods, despite these recent developments. Perhaps this lack of supply, this left shift of the supply curve was caused by a supply shock.

In this article it talks about the issues of supply of gold. Over time a lot of mines have been emptied and now there is a problem that the product will become scarce and gold prices will increase drastically. since there is not very much gold circling around different mines, there is less to be found. The problem is also that the economy is increasing, new mines are made and people have to be trained in mining and some specialized gold makers moved to these new gold mining cities. The average of needed gold in the world is estimated to increase 6% by 2016 which is a lot. A lot of the pure gold has been mined and the not so pure gold is not as profitable.