Floods have destroyed of up to 7 million tones of rice in Thailand, and therefore greatly decreasing the supply. Many of the farmers will greatly suffer due to the fact that they get half as much income as they normally would. Due to the supply shock of rice, the price raised a little bit. There is a supply shock in rice in Thailand and therefore the supply curve shifts to the left, increasing the price and decreasing the demand. As the price is higher for every quantity supplied, the producer have less incentive to produce more as they have a smaller profit margin and therefore they decrease production. At the same time, the demand will decrease as the price is higher.

The Article talks about the fact that prices for agricultural products will rise in 2013 due to a heat wave in 2012. This means that the warmest year yet; 2012, will impact the supply of agricultural goods. As there will be less supply, the prices of agricultural goods will increase by up to 5% of goods such as beef and pork. In addition, as the US is a large exporter of agricultural goods, expert say that there has to be a solution to make sure that the global food prices will not spike. Due to the fact that there is a reduction of supply, the supply shift will shift left or upwards. Therefore, there will be less produced at each price and the new equilibrium price will be higher than before. In addition, there will also be fewer goods demanded due to the higher price.

The demand for iPhones is greatly increasing in China. In Apple's fiscal year of 2011, they were able to sell 72 million iPhones, a number that soon might almost be sold in China alone. Currently, 10 million iPhones are sold in China, but this is because China's lead mobile carrier; China Mobile, has a network that is not compatible with the iPhone 4s. However, this year China Mobile is flipping to their knew network; the 4G which is compatible with the iPhone 5. This will open up a new market for Apple, as now, millions Chinese will be able to effectively use the iPhone 5 with China Mobile's network. Therefore, the demand for the iPhones will greatly increase due to the 'new' market.