The National Broadcasting and Telecommunications Commission expects to include a temporary 3G price benchmark for voice and date service by mid-December of 2012. The secretary general stated that this price ceiling will apply to 3G operators running wireless broadband service on the 2.1-gigahertz spectrum plus TOT Plc and CAT Telecom. This regulation will slash the pricing of 3G service by at least 15% from the current price which will largely benefit the consumers of 3G. However, the suppliers and telecommunications organizations will not be satisfied with this new price ceiling as they will be losing profits due to lower prices. As a result, less 3G will be supplied.  

The taxes on Cigarettes in Chicago are likely to rise in the coming months. The hike would push the combined tax on a pack of cigarettes to $6.67 in Chicago - the second-highest in the nation behind New York City at $6.86 - but would save some 10,300 Cook County residents from premature, smoking related deaths and trigger a 7.2 percent drop in young smokers, Preckwinkle said in the article. It is hoped that the increase in price for cigarettes will result in more and more people refraining from purchasing cigarettes, in an attempt to make people healthier, cut medical costs and make the city healthier. This is an example of VAT tax, or value added tax, on cigarettes.

Since May 2012, the price of crude oil has fallen from $106/barrel to $78/barrel. For the first time in over a decade, the supply of crude oil has exceeded the demand for it, meaning that the price for crude oil is likely to drop even more. The reason for this increased supply has to do with technological advancements which have enhanced the production of crude oil. Some of these technological advancements include the use of long-reach horizontal well bore technology and multi-stage hydraulic fracturing. However, the price of oil cannot drop below the production costs for too long, otherwise, oil firms would go out of business. It is predicted in the article that the price for oil will not drop below $72/barrel, as the production of crude oil is currently at about $60/barrel. From the article, it can be deduced that the massive increase in supply of crude oil is due to technological productivity, which is allowing for far more oil to be supplied.

The article discusses the idea that in the coming 20-40 years the demand for orange juice will almost double, and that the orange market, as well as the orange juice market must be prepared to supply enough products in order to satisfy the demand for orange juice. Although the citrus nurseries in Florida as well as South America are producing massive amounts of oranges in order to supply enough to orange juice firms, it is currently not enough to satisfy the growing population. It is estimated that global population will increase by 2 billion in the next 40 years, meaning the demand for orange juice will increase substantially. As a result of this huge increase in demand, which the American and South American markets alone cannot satisfy, various other markets worldwide, such as the Asian market, are hoping to move into the orange juice industry, in order to seize the opportunity and make more money by providing the product.

In the case of the orange juice, the equilibirum price and quantity will both be increasing, as there has been a sudden shift in demand due to demographics and a projected increase in global population. As a result, producers will see this increase in demand as an incentive to produce not only more orange juice, but also grow more oranges. Consumers on the other hand, will either look for substitute goods or ration the product as there has also been an increase in price, indicating the scarcity of the product. This shift will have a large impact on other markets as well. As the price for orange juice and oranges is increasing, consumers may look to consume apple juice or other fruit juices instead.