(Nationwide, hiring has...) WASHINGTON: Unemployment rates rose in more than half of US states in July and fewer states added jobs, echoing national data that show the job market may have lost some momentum. The Labor Department said Monday that unemployment rates increased in 28 states.

Liam Henderson, the Administrator of the Office Price Administration and Civilian Supply, is looking to impose a price ceiling on cotton yarn. This was announced on May 18th. He will impose this price ceiling because the conferences with the industry were not successful in producing results.

In this article it is described, how the winners off a medal at the Olympic Games are celebrated like heroes. They also receive honorariums. A gold medal winner receives $ 25'000. Nevertheless the winners will have to pay taxes from this honorarium. For winning the gold medal they will have to pay a tax of $ 8'965. Now if we look back at 2008 when Michael Phelps won 8 gold medals, he would have to pay a high tax for winning his gold medals.

This is an article on the prices of food and the way this affects the supply. Since the year 2012 has been a very warm year, there have been major draughts throughout the world. This article although focuses on the market in America. The draughts have left a major decrease in the production of products. The government's forecast states that the prices of beef would rise 4-5%. Professional analysts although also said that they do not believe that people therefore start buying less, on the other hand they said that it might affect the economic growth over the next years.

This is an article on the demand of sugar. As the International Sugar Organization has stated, that there is a deficit of 15 million tons in the production. It is stating: "Stocks are currently so low, says the ISO, that even next year's harvest is unlikely to restore reserves to a healthy level." This could make people nervous and push them to buying a big amount of the product now. Since the product might become scare in the future, the prices would rise and therefore people would buy a surplus of the product at the current price. The principal of  expectations of the future price would be touched.

Changes in equilibrium: Since the expectation of the future price principle is addressed, the demand curve shifts to the right. Therefore there is a higher demand for sugar, due to the fact that sugar is becoming more scarce. As a result of that, the producers have an incentive to produce more and raise the price, as they realize that the demand has increased. Consumers may then substitute or ration, as the price has increased and they might not be willing or able to buy sugar at this price. As a result of the points above, there would be more resources used to produce sugar even though it is becoming more scarce.