Find an instance in the news where you see either a change in Quantity Demanded or a shift in Demand for a given product. What caused one or the other? Explain, and provide a link to the URL of the article.
A change in demand for music is occuring. Digital music is becoming more popular than CD's and such. These two goods compete with with another for purchases, so they are substitute goods. The demand for CD's is decreasing because there is a higher demand for digital music.
This article fits into the catagory of Quantity Demanded. The Toyota Prius is a hot seller in 2007. Sales continue to increase, but this has been attributed to lowering the price premium incurred by hybrid cars. To offset the decreased tax break, Toyota implemented a corresponding price cut. My analysis fits Mike Omotoso, senior manager of global powertrain forcasting for J.D. Power and Associates, quote "The incentives helped Toyota maintain a strong sales pace for the Prius."
Quantity Demand- A change in the price of tickets for the Buffalo Sabers hockey team led to an increase in tickets being purchased. As the price was gradually decreased, more people attended the games, so the point on the curve shifted from the upper left to the lower right- ie from left to right. As the games became of a higher status, the price would shift back to the left side, and to the right if they were "value games". Thus, the decrease in price led to an increase in quantity of tickets being demanded.
The demand for techonology is definately increasing. Developing countries around the world are becoming more civilized and are needing things such as laptops to become more efficient producers. Bill Watkins, Seagate's chief executive states: "We think the next five years should see continued explosive growth,". With such a demand for new technology, there will be less of a demand for outdated older gadgets.
This article shows how there is a shift in demand for gold in India. According to the article, this growing demand for gold is due to Indian women raising their affection for it even further as well as due to the ever-growing buying capacity of Indians.
The article shows that building green homes is becoming more and more practical. Building a green home has reduced in extra cost by about 12%. Given products, such as oriented strand board, are much more accessible and cheaper than a few years ago, the quantity demanded has increased (people are buying more earth friendly products due to the low prices). This has been caused by increased media attention that has focused on breaking the stereotype that green building is expensive.
Airlines are stating to demand more fuel due to increasing average body weight in Americans. The demand for this fuel, about $200M more per year, is due to the increase in body weight.
A change in demand from movie rental stores is occuring because of new ways to rent movies from the internet. The video stores have lost huge amounts of revenue and costumers to the internet companies like Netflix. They are being forced to offer lower incentives like no late fees or even offering internet rental, as well, just to keep up with the change in demand of renting movies.
http://www.rockymountainnews.com/drmn/other_business/article/0,2777,DRMN_23916_5698719,00.html There was a recent article in The Rocky Mountain News about Jibbitz, the small charms you can put in Crocs. These have become a popular item among children, and even adults. The idea that you can "personalize" your pair of Crocs appeals greatly to people who usually would not dare wear Crocs. So with the demand increase of Jibbitz, the demand for Crocs has also increased. Making the industry as a whole more profitable.
The article from this link that I am writing about is titled "Southwest looks to capitalize on stint in the doghouse." It's an article about how the event about how they are trying to turn the negative (Kyla Ebbert wearing a revealing outfit on a flight) into a positive. In this instance, there is both a change in Quantity Demanded and a shift in Demand. The whole "Southwest Airlines ticket sales" curve had a shift in demand when people saw how there is sort of an enforced dress code. Due to this, there was a change in the quantity demanded. Since Southwest realized that they might lose a lot of customers, they decreased the ticket prices to hopefully bring back these customers and maybe others that want to get cheap tickets.
We all know that the iphone is the coolest gadget on the market these days, but is it really something people want or are willing to pay for? The survey says yes, because as we all have seen on news reports many have camped out in front of their local AT&T wireless and Apple stores, some up to a full week in advance, for a spot to buy the gizmo. According to multiple surveys other wireless providers are getting the boot from their current subscribers in order to buy a new iphone. Before the actual launch of the phone Apple sent an additional 3 million units worldwide to fill the increasing demand. Most vulnerable is T-mobile with service provided to the largest percent of 18-to-25 year olds. So accordingly, other wireless service providers are offering incentives, cheaper phones, discounts, etc. With recent updates via the iphone, customers can access the itunes music store wirelessly and many have discovered that the phone, itself, can be unlocked and capable of use on any service including AT&T. Now for those who willingly paid the full retail price they have the privilege of saying, “I have the coolest gizmo on the block”. Well at least they do for now.
The price of gasoline is staying consistent, even with the increase in per-barrel price. The reason is that demand is decreasing, with people doing different things to get around. "Cheaper blends" are also being manufactured.
Due to the fact that there was not enough quantity demanded, Apple dropped their prices for the iphone. This angered many people, but the company needed to sell more, so delat with the negative pres by giving a $100 gift card to all who had bought it for the higher price. Apple had misread the market and not found a point sufficiently close to equilibrium to suit their needs. Not enough iphones were being bought and Apple was losing money.
This article hits on the immense amount of economic change needed to reduce pollution and start working toward using "greener" resources. It shows that the demand for alternative, renewable resources is drastically increasing, both for individuals and for large organizations and governments. One example is the goal that Britain should be free of pertol-run cars by 2050. Since governments are trying to encourage people to use renewable resources, there could also be a change in the quantity demanded as prices for alternative energy get lowered to make it affordable for all income levels.
This article relates to a change in Quantity Demanded. The article discusses the ongoing battle between Blu-ray and HD DVD. There is an incresiang demand for the quantity fo Blu-ray as more people start using it. In the U.S., Blu-ray is prefered 2:1 over HD DVD. Supporters of Blu-ray believe that it will beat out HD DVD in this battle as more and more people are demaniding Blu-ray.
Right now, there is a high demand for oil. Accompanying the high demand is a high cost. Economists are worried because of the shortage of the oil that energy supplies with reach critically low levels during the upcoming winter Last week, OPEC agreed on a minimal supply increase but it won’t be enough to slow the outrageous oil prices. Currently, the U.S crude oil price per barrel is up to $81. This article shows the demand is increasing in relation to the decreasing supply.
This article shows that the quantity demand for oil is staying relatively the same despite the increasing price. This has resulted in a demand change as OPEC has agreed to produce 500,000 more barrels of oil a day in order to meet the demand. So, as the production of oil increases, the price decreases and other alternatives to oil will need to be produced less. the curve on the graph is shifted outwards on the oil production axis.
There is currently a change in the demand for real estate. Due to the amount of foreclosures and the fact that lenders are being more selective about who they allow to borrow money, houses aren't selling and many are sitting empty. This is causing many people in finance, real estate, and related fields to lose their jobs.
In a March 2007 article the Demand had gone up in Corn prices. This is because Companies producing Ethonal now need corn to produce their product. This would be Demand not Quantity Demand because there are now more people in the market that want to buy corn. http://money.cnn.com/2007/03/29/magazines/fortune/corn_gold_rush.fortune/index.htm
The new iphone has seen less demand that it has hoped, thus the reason it lowered it's price by $200.00 last month. Without the reliable service it had been hoping for, Apple has had to lower the price to draw more customers. They have been attracting more reliable service overseas, striking deals with T-Mobile in Germany, Orange in France, and a new deal with the UK. Drawing away from the AT&T service that has been excessively scruitined in the US will most likely gain customers elsewhere.
This article shows how there is a shift in demand for the biofuel ethanol. According to the article, oils and gas prices are higher than ever and there is this new booming industry in ethanol fuel. Technology in this field is ever advancing and more and more people are staring to want ethanol as their fuel. This causes a shift in demand.
This article talks about how the quantity demand for Chinese toys and other products is still increasing. In order to create the amount of toys required with profit, many of the toy makers are beginning to swith to cheaper, but perhaps dangerous, resources. The change in quantity demand would be China's ability to continue to push out items at such a fast rate, and with such competitively cheap prices.
This article discusses a growth of the quantity demanded of vehicles in India. The reason for this growth, economists believe, is because income levels have also risen in India because of economic growth, and more people can afford a vehicle. Supporting this is the thought that historically economic growth is associated with an increase in demand for transportation, mainly a demand for vehicles-"four-wheelers , namely cars, trucks and buses"
This article has a change in demand because more people want ethanol because of global warming. The demand changed because people are being told that ethanol will help stop global warming, so now people want more of it. The price didn't really change just the demand.
It has become much harder for homeowners to sell their homes. This is lowering of demand. There is competition between homeowners and home builders. Because the home builders are able to sell the homes for a lower price, the homeowners cannot sell their homes for their asking prices. Because this does not relate directly to a change in prices made by homeowners, there is a change in demand. The demand curve is shifted down.
In this article, there was a change in demand. The price of wholesale fell sharply due to the decreasing price of energy and food. The price was affected, but by a the price of a complementary good. The complementary good in this case is the food and energy associated with wholesale. Because consumers weren't paying as much for the associated product, they also couldn't afford to pay as much for the wholesale.
In this article there was a change in demand from an older generation of computer processors to Intel's new version, offering better graphics and memory-control processing. The demand shift is moving to these updated versions because of the money and time that they will be able to save companies (they are faster and save power). This product is shifting demand from Intels main competitor, Advanced Micro Devices Inc.
This article addresses the growing quantity demanded in ambulance services in New South Wales, Australia, as explained by the Health Minister, Ms Meagher. Though not necessarily a good in the sense that it can be purchased on store shelves, ambulance trips are a necessary service affected by changes in price and quantity, just like other economically examinable items. The Minister reported a 5.5% increase in ambulance trips this year alone, an increase she analyzes by stating, "As our population ages and people live longer, the demand for ambulance services is only going to increase." Ms Meagher says the service provided over 1 million responses in the past 12 months and demand is rising steadily, which can be further examined in areas of price, if more people are needing the ambulances, perhaps they will become less costly and be more easily utilized by civilians.
This article talks about how a new kind of sunglasses came out that can change into any color that the person wants with a switch of a knob. The demand for these new sunglasses will increase once they gain popularity and therefore the parts that are required to make the sunglasses will be in higher demand as well.
An increase in prices for food, pork in particular, in China will have a multiple of affects. We know that price increase causes a decrease in quantity demand, because if people can't afford it, than they won't buy as much of it. But this price increase has more affects. The fact that people can't affort food, and feed themselves, causes a demand for other things such as welfare or other solutions, there is still a demand for food, but because of the increase of price they can't buy as much. This is and example of how price affects quantity demand.
This article explains to us that building green houses are becoming cheaper and more productive. "used to cost at least 15% more to build using eco-friendly ideas and products, but today they add only 1-3% to the cost of constructio." It has become alot cheaper than previous years. The quantitiy demand has definiately increased because people are buying more houses due to the lower payment.
The change in price for the new iPhone made by Apple, has led a change in Quantity Demand. The lower price for this cell phone allows more people who at the time when it came, could not possible afford it or thought it was not worth it for the price. Now, a new market has appeared for the new iPhone because of the lower price and therefore this trend resembles Quanty Demand.
There is a change in demand for diesel fuel in this article over the use of eletric cables. Both are being considered for RTD's FasTracks in the Denver area. The demand for diesel is higher though because it is much cheaper than cable, although it might cause some pollution. The argument for diesel is winning though and the change in demand will increase.
My article is about the increasing demand of tuna, versus shrimp in the India area. At first, the quantity demanded for shrimp in the area went down, as the amount demanded of tuna jumped. The quantity demand for it is increasing as well since this is becoming a main staple in their diet.
The iPhone has lowered its price by $200.00 in the last month because the demand for it is much less than expected. This lowering of the price is a hope to attract more buyers. Apple has taken business over seas signing contracts in Germany, France, and the UK hoping to gain customers elsewhere.
http://news.bbc.co.uk/2/hi/uk_news/politics/6997957.stm An environmental spokesman has been backed by the Lib Dem party in Britian. He is advocating for a ban on all petrol run cars by 2040 and to be carbon free by 2050. This will likely effect the demand for petrol run cars, the curve moving inward, meaning less of a demand. The opposite for cars not run by petrol, the demand will increase.
http://www.mcvuk.com/news/28293/Fils-Aime-360-and-PS3-price-drops-dont-bother-us The Wii has become the world's best-selling next-gen console. The President of Nintendo America, Reggie Fils-Aime, stated that the supply of Nintendo Wiis will be increased, to help meet consumer's demand, yet he claimed that "it would still be difficult for customers to get their hands on a Wii." While the Nintendo Wii has faced a shift in demand, because of its popularity, the PS3 and XBox 360 may have to lower prices because of a change in quantity demanded. So, the shift in demand for the Wii may have a great effect on the change in quantity demanded of the PS3 and XBox 360.
The recent outbreak of escalator accidents involving crocs shoes has recently come to the publics attention. The demand for crocs may go slightly down because parents believe that they are not safe. This article talks about one mother who says that if she had known that crocs could be so dangerous; she never would have bought them for her son.
This article discusses how a high demand for the iPhone is leading to its release in Germany. There has been such a high demand in America that now the demand is growing in Germany as well as the rest of Europe. To satisfy that demand, Apple is now releasing the iPhone in Germany. It will be sold for 399 Euros ($553) and it will be released on November 9th. Apple has sold well over 1,000,000 iPhone in the U.S. since its release 75 days ago. Since demand is still growing, they are hoping to capitalize on it and sell more devices in Europe.
With a population boom and urbanisation in emerging market countries there boost in the demand for natural resources. This change in demand will result in a higher prices for these commodities. Population boom and urbanisation are mainly due to a growing middle class, a shift in life styles and to more people moving to cities in emerging markets from the countryside.
http://news.bbc.co.uk/1/hi/scotland/highlands_and_islands/6978728.stm This article is an example of change in demand because the government restricted the amount of sheep that the farmers could slaughter because of a disease, so the demand for lamb meat went up and the demand curve shifted to the right.
This article is about a drop in demand for big-ticket manufactured goods, from commercial jetliners to home appliances.This is caused by turbulence in financial markets that could start to affect the economy more broadly, raising the risks of a full-blown recession. The people are just not wanting to buy the big ticket items any more so the demand is falling for them. Thus there is a shift from right to left because they are not producing as much.
A deal between Microsoft and Novel has lead to an increase in the quantity demanded for Novel's Linux operating systems. Microsoft promotes Novel, therefore Novel gets more business.
A change in quantity demand is occuring for Rockies tickets. SInce they have beign winnign so much they are causing quite a stir, more people want to see them causing the price for scalped tickets to rise, which is causing a change in quantity demanded.
47 comments:
http://www.cnn.com/2007/SHOWBIZ/Music/08/23/music.uncoolgreatesthits.ap/index.html?iref=newssearch
A change in demand for music is occuring. Digital music is becoming more popular than CD's and such. These two goods compete with with another for purchases, so they are substitute goods. The demand for CD's is decreasing because there is a higher demand for digital music.
http://www.jdpower.com/corporate/news/releases/pressrelease.aspx?ID=2007127
This article fits into the catagory of Quantity Demanded.
The Toyota Prius is a hot seller in 2007. Sales continue to increase, but this has been attributed to lowering the price premium incurred by hybrid cars. To offset the decreased tax break, Toyota implemented a corresponding price cut. My analysis fits Mike Omotoso, senior manager of global powertrain forcasting for J.D. Power and Associates, quote "The incentives helped Toyota maintain a strong sales pace for the Prius."
http://buffalo.bizjournals.com/buffalo/stories/2004/07/12/story3.html?page=1
Quantity Demand-
A change in the price of tickets for the Buffalo Sabers hockey team led to an increase in tickets being purchased. As the price was gradually decreased, more people attended the games, so the point on the curve shifted from the upper left to the lower right- ie from left to right. As the games became of a higher status, the price would shift back to the left side, and to the right if they were "value games". Thus, the decrease in price led to an increase in quantity of tickets being demanded.
http://online.wsj.com/article_print/SB118943010454322513.html
The demand for techonology is definately increasing. Developing countries around the world are becoming more civilized and are needing things such as laptops to become more efficient producers. Bill Watkins, Seagate's chief executive states: "We think the next five years should see continued explosive growth,". With such a demand for new technology, there will be less of a demand for outdated older gadgets.
http://economictimes.indiatimes.com/Market_News/Gold_demand_may_cross_1000_tonne/articleshow/2373724.cms
This article shows how there is a shift in demand for gold in India. According to the article, this growing demand for gold is due to Indian women raising their affection for it even further as well as due to the ever-growing buying capacity of Indians.
http://www.economist.com/world/na/displaystory.cfm?story_id=9804157
The article shows that building green homes is becoming more and more practical. Building a green home has reduced in extra cost by about 12%. Given products, such as oriented strand board, are much more accessible and cheaper than a few years ago, the quantity demanded has increased (people are buying more earth friendly products due to the low prices). This has been caused by increased media attention that has focused on breaking the stereotype that green building is expensive.
Video
Airlines are stating to demand more fuel due to increasing average body weight in Americans. The demand for this fuel, about $200M more per year, is due to the increase in body weight.
http://www.manuelsweb.com/netflix/detroitNews.htm
A change in demand from movie rental stores is occuring because of new ways to rent movies from the internet. The video stores have lost huge amounts of revenue and costumers to the internet companies like Netflix. They are being forced to offer lower incentives like no late fees or even offering internet rental, as well, just to keep up with the change in demand of renting movies.
http://www.rockymountainnews.com/drmn/other_business/article/0,2777,DRMN_23916_5698719,00.html
There was a recent article in The Rocky Mountain News about Jibbitz, the small charms you can put in Crocs. These have become a popular item among children, and even adults. The idea that you can "personalize" your pair of Crocs appeals greatly to people who usually would not dare wear Crocs. So with the demand increase of Jibbitz, the demand for Crocs has also increased. Making the industry as a whole more profitable.
http://www.denverpost.com/headlines/ci_6900508
The article from this link that I am writing about is titled "Southwest looks to capitalize on stint in the doghouse." It's an article about how the event about how they are trying to turn the negative (Kyla Ebbert wearing a revealing outfit on a flight) into a positive. In this instance, there is both a change in Quantity Demanded and a shift in Demand. The whole "Southwest Airlines ticket sales" curve had a shift in demand when people saw how there is sort of an enforced dress code. Due to this, there was a change in the quantity demanded. Since Southwest realized that they might lose a lot of customers, they decreased the ticket prices to hopefully bring back these customers and maybe others that want to get cheap tickets.
http://arstechnica.com/journals/apple.ars/2007/06/07/businessweek-apple-to-meet-iphone-demand-with-3-million-units-upon-launch
Quantity Demand
We all know that the iphone is the coolest gadget on the market these days, but is it really something people want or are willing to pay for? The survey says yes, because as we all have seen on news reports many have camped out in front of their local AT&T wireless and Apple stores, some up to a full week in advance, for a spot to buy the gizmo. According to multiple surveys other wireless providers are getting the boot from their current subscribers in order to buy a new iphone. Before the actual launch of the phone Apple sent an additional 3 million units worldwide to fill the increasing demand. Most vulnerable is T-mobile with service provided to the largest percent of 18-to-25 year olds. So accordingly, other wireless service providers are offering incentives, cheaper phones, discounts, etc. With recent updates via the iphone, customers can access the itunes music store wirelessly and many have discovered that the phone, itself, can be unlocked and capable of use on any service including AT&T. Now for those who willingly paid the full retail price they have the privilege of saying, “I have the coolest gizmo on the block”. Well at least they do for now.
http://money.cnn.com/2007/09/17/news/economy/gas_prices/index.htm?postversion=2007091715
The price of gasoline is staying consistent, even with the increase in per-barrel price. The reason is that demand is decreasing, with people doing different things to get around. "Cheaper blends" are also being manufactured.
Due to the fact that there was not enough quantity demanded, Apple dropped their prices for the iphone. This angered many people, but the company needed to sell more, so delat with the negative pres by giving a $100 gift card to all who had bought it for the higher price. Apple had misread the market and not found a point sufficiently close to equilibrium to suit their needs. Not enough iphones were being bought and Apple was losing money.
http://www.cnn.com/2007/TECH/biztech/09/06/apple.iphone.ap/index.html?iref=newssearch
http://news.bbc.co.uk/2/hi/uk_news/politics/6997957.stm
This article hits on the immense amount of economic change needed to reduce pollution and start working toward using "greener" resources. It shows that the demand for alternative, renewable resources is drastically increasing, both for individuals and for large organizations and governments. One example is the goal that Britain should be free of pertol-run cars by 2050. Since governments are trying to encourage people to use renewable resources, there could also be a change in the quantity demanded as prices for alternative energy get lowered to make it affordable for all income levels.
http://economist.com/business/displaystory.cfm?story_id=9783373
This article relates to a change in Quantity Demanded. The article discusses the ongoing battle between Blu-ray and HD DVD. There is an incresiang demand for the quantity fo Blu-ray as more people start using it. In the U.S., Blu-ray is prefered 2:1 over HD DVD. Supporters of Blu-ray believe that it will beat out HD DVD in this battle as more and more people are demaniding Blu-ray.
http://news.bbc.co.uk/2/hi/business/7000030.stm
Right now, there is a high demand for oil. Accompanying the high demand is a high cost. Economists are worried because of the shortage of the oil that energy supplies with reach critically low levels during the upcoming winter Last week, OPEC agreed on a minimal supply increase but it won’t be enough to slow the outrageous oil prices. Currently, the U.S crude oil price per barrel is up to $81. This article shows the demand is increasing in relation to the decreasing supply.
http://www.economist.com/displaystory.cfm?story_id=9804721
This article shows that the quantity demand for oil is staying relatively the same despite the increasing price. This has resulted in a demand change as OPEC has agreed to produce 500,000 more barrels of oil a day in order to meet the demand. So, as the production of oil increases, the price decreases and other alternatives to oil will need to be produced less. the curve on the graph is shifted outwards on the oil production axis.
http://articles.moneycentral.msn.com/Investing/Extra/Mortgagemessclaimsnewvictims.aspx?page=all
There is currently a change in the demand for real estate. Due to the amount of foreclosures and the fact that lenders are being more selective about who they allow to borrow money, houses aren't selling and many are sitting empty. This is causing many people in finance, real estate, and related fields to lose their jobs.
In a March 2007 article the Demand had gone up in Corn prices. This is because Companies producing Ethonal now need corn to produce their product. This would be Demand not Quantity Demand because there are now more people in the market that want to buy corn. http://money.cnn.com/2007/03/29/magazines/fortune/corn_gold_rush.fortune/index.htm
http://www.pcpro.co.uk/news/125086/o2-pays-hefty-price-for-the-iphone.html
The new iphone has seen less demand that it has hoped, thus the reason it lowered it's price by $200.00 last month. Without the reliable service it had been hoping for, Apple has had to lower the price to draw more customers. They have been attracting more reliable service overseas, striking deals with T-Mobile in Germany, Orange in France, and a new deal with the UK. Drawing away from the AT&T service that has been excessively scruitined in the US will most likely gain customers elsewhere.
http://money.cnn.com/2007/08/14/news/economy/biofuel_bigethanol/index.htm?postversion=2007082107
This article shows how there is a shift in demand for the biofuel ethanol. According to the article, oils and gas prices are higher than ever and there is this new booming industry in ethanol fuel. Technology in this field is ever advancing and more and more people are staring to want ethanol as their fuel. This causes a shift in demand.
http://www.npr.org/templates/story/story.php?storyId=12801004
This article talks about how the quantity demand for Chinese toys and other products is still increasing. In order to create the amount of toys required with profit, many of the toy makers are beginning to swith to cheaper, but perhaps dangerous, resources. The change in quantity demand would be China's ability to continue to push out items at such a fast rate, and with such competitively cheap prices.
http://economictimes.indiatimes.com/Growth_in_vehicle_ownership_in_India_to_be_among_the_fastest/articleshow/2375857.cms
This article discusses a growth of the quantity demanded of vehicles in India. The reason for this growth, economists believe, is because income levels have also risen in India because of economic growth, and more people can afford a vehicle. Supporting this is the thought that historically economic growth is associated with an increase in demand for transportation, mainly a demand for vehicles-"four-wheelers , namely cars, trucks and buses"
http://spot.colorado.edu/~kaplan/Current_Events/Bush%20Energy%20Policy.html
This article has a change in demand because more people want ethanol because of global warming. The demand changed because people are being told that ethanol will help stop global warming, so now people want more of it. The price didn't really change just the demand.
http://www.denverpost.com/economy/ci_6900503
It has become much harder for homeowners to sell their homes. This is lowering of demand. There is competition between homeowners and home builders. Because the home builders are able to sell the homes for a lower price, the homeowners cannot sell their homes for their asking prices. Because this does not relate directly to a change in prices made by homeowners, there is a change in demand. The demand curve is shifted down.
http://money.cnn.com/2007/09/18/news/economy/ppi/index.htm?postversion=2007091811
In this article, there was a change in demand. The price of wholesale fell sharply due to the decreasing price of energy and food. The price was affected, but by a the price of a complementary good. The complementary good in this case is the food and energy associated with wholesale. Because consumers weren't paying as much for the associated product, they also couldn't afford to pay as much for the wholesale.
In this article there was a change in demand from an older generation of computer processors to Intel's new version, offering better graphics and memory-control processing. The demand shift is moving to these updated versions because of the money and time that they will be able to save companies (they are faster and save power). This product is shifting demand from Intels main competitor, Advanced Micro Devices Inc.
http://www.nytimes.com/2007/09/19/technology/19chip.html?ref=business
http://abc.net.au/news/stories/2007/09/19/2037227.htm
This article addresses the growing quantity demanded in ambulance services in New South Wales, Australia, as explained by the Health Minister, Ms Meagher. Though not necessarily a good in the sense that it can be purchased on store shelves, ambulance trips are a necessary service affected by changes in price and quantity, just like other economically examinable items. The Minister reported a 5.5% increase in ambulance trips this year alone, an increase she analyzes by stating, "As our population ages and people live longer, the demand for ambulance services is only going to increase." Ms Meagher says the service provided over 1 million responses in the past 12 months and demand is rising steadily, which can be further examined in areas of price, if more people are needing the ambulances, perhaps they will become less costly and be more easily utilized by civilians.
http://www.livescience.com/technology/070327_sunglasses_change.html
This article talks about how a new kind of sunglasses came out that can change into any color that the person wants with a switch of a knob. The demand for these new sunglasses will increase once they gain popularity and therefore the parts that are required to make the sunglasses will be in higher demand as well.
http://www.economist.com/displayStory.cfm?story_id=9825983&fsrc=RSS
An increase in prices for food, pork in particular, in China will have a multiple of affects. We know that price increase causes a decrease in quantity demand, because if people can't afford it, than they won't buy as much of it. But this price increase has more affects. The fact that people can't affort food, and feed themselves, causes a demand for other things such as welfare or other solutions, there is still a demand for food, but because of the increase of price they can't buy as much. This is and example of how price affects quantity demand.
Green as houses
This article explains to us that building green houses are becoming cheaper and more productive.
"used to cost at least 15% more to build using eco-friendly ideas and products, but today they add only 1-3% to the cost of constructio." It has become alot cheaper than previous years. The quantitiy demand has definiately increased because people are buying more houses due to the lower payment.
The change in price for the new iPhone made by Apple, has led a change in Quantity Demand. The lower price for this cell phone allows more people who at the time when it came, could not possible afford it or thought it was not worth it for the price. Now, a new market has appeared for the new iPhone because of the lower price and therefore this trend resembles Quanty Demand.
http://news.bbc.co.uk/2/hi/business/6982717.stm
http://www.denverpost.com/ci_6922268?source=rss
There is a change in demand for diesel fuel in this article over the use of eletric cables. Both are being considered for RTD's FasTracks in the Denver area. The demand for diesel is higher though because it is much cheaper than cable, although it might cause some pollution. The argument for diesel is winning though and the change in demand will increase.
http://news.xinhuanet.com/english/2007-09/19/content_6752529.htm
There has been a change in the demand for oil. The demand is going up while supply is going down causing a shortage of oil.
http://www.hindu.com/2007/03/11/stories/2007031111150300.htm
My article is about the increasing demand of tuna, versus shrimp in the India area. At first, the quantity demanded for shrimp in the area went down, as the amount demanded of tuna jumped. The quantity demand for it is increasing as well since this is becoming a main staple in their diet.
http://www.pcpro.co.uk/news/125086/o2-pays-hefty-price-for-the-iphone.html
The iPhone has lowered its price by $200.00 in the last month because the demand for it is much less than expected. This lowering of the price is a hope to attract more buyers. Apple has taken business over seas signing contracts in Germany, France, and the UK hoping to gain customers elsewhere.
http://news.bbc.co.uk/2/hi/uk_news/politics/6997957.stm
An environmental spokesman has been backed by the Lib Dem party in Britian. He is advocating for a ban on all petrol run cars by 2040 and to be carbon free by 2050. This will likely effect the demand for petrol run cars, the curve moving inward, meaning less of a demand. The opposite for cars not run by petrol, the demand will increase.
http://www.mcvuk.com/news/28293/Fils-Aime-360-and-PS3-price-drops-dont-bother-us
The Wii has become the world's best-selling next-gen console. The President of Nintendo America, Reggie Fils-Aime, stated that the supply of Nintendo Wiis will be increased, to help meet consumer's demand, yet he claimed that "it would still be difficult for customers to get their hands on a Wii." While the Nintendo Wii has faced a shift in demand, because of its popularity, the PS3 and XBox 360 may have to lower prices because of a change in quantity demanded. So, the shift in demand for the Wii may have a great effect on the change in quantity demanded of the PS3 and XBox 360.
http://www.cnn.com/2007/US/09/17/crocs.escalators.ap/index.html?iref=newssearch
The recent outbreak of escalator accidents involving crocs shoes has recently come to the publics attention. The demand for crocs may go slightly down because parents believe that they are not safe. This article talks about one mother who says that if she had known that crocs could be so dangerous; she never would have bought them for her son.
http://www.msnbc.msn.com/id/20869220/
This article discusses how a high demand for the iPhone is leading to its release in Germany. There has been such a high demand in America that now the demand is growing in Germany as well as the rest of Europe. To satisfy that demand, Apple is now releasing the iPhone in Germany. It will be sold for 399 Euros ($553) and it will be released on November 9th. Apple has sold well over 1,000,000 iPhone in the U.S. since its release 75 days ago. Since demand is still growing, they are hoping to capitalize on it and sell more devices in Europe.
With a population boom and urbanisation in emerging market countries there boost in the demand for natural resources. This change in demand will result in a higher prices for these commodities. Population boom and urbanisation are mainly due to a growing middle class, a shift in life styles and to more people moving to cities in emerging markets from the countryside.
http://africa.reuters.com/business/news/usnBAN440316.html
http://news.bbc.co.uk/1/hi/scotland/highlands_and_islands/6978728.stm
This article is an example of change in demand because the government restricted the amount of sheep that the farmers could slaughter because of a disease, so the demand for lamb meat went up and the demand curve shifted to the right.
http://www.nytimes.com/aponline/business/AP-Economy.html?_r=1&ref=business&oref=slogin
This article is about a drop in demand for big-ticket manufactured goods, from commercial jetliners to home appliances.This is caused by turbulence in financial markets that could start to affect the economy more broadly, raising the risks of a full-blown recession. The people are just not wanting to buy the big ticket items any more so the demand is falling for them. Thus there is a shift from right to left because they are not producing as much.
http://linux.slashdot.org/article.pl?sid=07/09/27/1239251
A deal between Microsoft and Novel has lead to an increase in the quantity demanded for Novel's Linux operating systems. Microsoft promotes Novel, therefore Novel gets more business.
A change in quantity demand is occuring for Rockies tickets. SInce they have beign winnign so much they are causing quite a stir, more people want to see them causing the price for scalped tickets to rise, which is causing a change in quantity demanded.
http://www.dailycamera.com/news/2007/oct/06/playoff-tickets-a-risky-market-colorado-rockies/
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