Introduction
1.1 Purpose.

This report was constructed to review and analyse a website article to economically evaluate the relevant aspects pertaining to current economical trends in the world. The analysis of the website article will then formulate the potential economic consequences arising from the issue highlighted by the web article.

1.2 Article Summary
The website article reviewed in this report covers the situation involving the increase in price, and shortages of cotton, due to such high demand for clothing (i.e. t-shirts) with an input resource of cotton. As recently as last year, the global events such as, flooding and heavy rain that damaged cotton crops in Pakistan and China last year, (Alison Williams 2011) have severely revenged world suppliers of cotton. Such demands and natural disasters have left retail outlets in despair as they are struggling to retain profit in the high demand of clothing they sell such as jeans and t-shirts containing the material cotton. Some local suppliers have sent out letters addressing retail outlets that soon increases in costs of cotton will affect the cost of clothing supplied. This affect has caused retailers to act accordingly, as to order in large quantities of t-shirts before prices increase, and some retailers have had to shift their prices of clothing upwards to provide profit to continue to keep their shop open (Alison Williams 2011). This issue surrounding the price of cotton will ultimately affect consumers, as prices will be increasing dramatically in the near future thus affecting the quantity demanded and supplied.
1.3 Scope
This report will pay particular attention to how the increasing population demands of clothing i.e. t-shirts will affect the quantity demanded by consumers and how it will affect price and quantity changes. From an economic point of view this report will examine how the cost