Coffee Bean Market - Arabica by XueTing Lee https://padlet.com/lee_xueting/16S19GROUP1 en-us 2016-04-06 00:30:33 UTC 2025-10-09 14:48:02 UTC hello@padlet.com Chat Box lee_xueting https://padlet.com/lee_xueting/16S19GROUP1/wish/104258397 Mrs Ting: Hi all. Remember to click on the pencil symbol when you want to write. Do have your notes as reference. have all group members logged in?

Please note that all work need to be completed by this Sat 10am ]]> 2016-04-04 06:39:46 UTC https://padlet.com/lee_xueting/16S19GROUP1/wish/104258397 Conclusion lee_xueting https://padlet.com/lee_xueting/16S19GROUP1/wish/104258398 Hence, in conclusion, the fall in price of arabic coffee bean is more proportionate than the fall in price of robusta coffee bean, ceteris paribus.

]]> 2016-04-04 06:38:57 UTC https://padlet.com/lee_xueting/16S19GROUP1/wish/104258398 Body: State the new (final) equilibrium lee_xueting https://padlet.com/lee_xueting/16S19GROUP1/wish/104258399 the new equilibrium price P2, the new equilibrium quantity at Q2 is lower than the initial equilibrium at Q1]]> 2016-04-04 06:38:13 UTC https://padlet.com/lee_xueting/16S19GROUP1/wish/104258399 Body: Using the market adjustment process, explain how the shift(s) changes the equilibrium price and quantity (Explanation of diagram): lee_xueting https://padlet.com/lee_xueting/16S19GROUP1/wish/104258400 When supply curve shifts to the left, price rises and quantity falls. Equilibrium price increases due to a shortage from A to Q1, creating upward pressure on price, causing equilibrium price to increase.]]> 2016-04-04 06:35:51 UTC https://padlet.com/lee_xueting/16S19GROUP1/wish/104258400 Body: Decide the direction and magnitude in which the curves shift lee_xueting https://padlet.com/lee_xueting/16S19GROUP1/wish/104258401 Supply for Arabica  falls, supply curve shifts to the left, ceteris paribus. Supply for Robusta rises,  supply curve shifts to the right, ceteris paribus. Demand for arabica falls , demand curve shifts to the left, ceteris paribus. Demand for robusta rises, demand curve shifts to the right, ceteris paribus

The magnitude of the increase in demand is smaller than the magnitude of the decrease in supply]]> 2016-04-04 06:34:27 UTC https://padlet.com/lee_xueting/16S19GROUP1/wish/104258401 Body: Identify and explain whether the factor/event shifts the demand or supply curve. (2 Demand + 1 Supply or 2 Supply + 1 Demand) lee_xueting https://padlet.com/lee_xueting/16S19GROUP1/wish/104258402 Supply curve for Arabica shifts to the left due to production  of cheaper robusta beans  booming, and also because of big food companies such as Nestlé and Kraft blending cheaper robusta beans into their products to maintain their margins, causing the price of robusta to fall more slowly than that of arabica.

]]> 2016-04-04 06:32:26 UTC https://padlet.com/lee_xueting/16S19GROUP1/wish/104258402 Body: State the initial equilibrium lee_xueting https://padlet.com/lee_xueting/16S19GROUP1/wish/104258404 Initially, the market is in equilibrium at the intersection of demand (D1) and supply (S1) 
at equilibrium point E.]]> 2016-04-04 06:31:44 UTC https://padlet.com/lee_xueting/16S19GROUP1/wish/104258404 Introduction lee_xueting https://padlet.com/lee_xueting/16S19GROUP1/wish/104258405 Explain market mechanism:
works through the interaction of the market forces of demand and supply to determine the equilibrium price and output

Define demand:
The amount of a good that consumers are able and willing to purchase in a given period of time at various prices


Define supply:
The amount of a good that produces are able and willing to offer for sale in  a given period of time at various prices




]]> 2016-04-04 06:30:11 UTC https://padlet.com/lee_xueting/16S19GROUP1/wish/104258405 Welcome:) lee_xueting https://padlet.com/lee_xueting/16S19GROUP1/wish/104258406 Dear Students,

Welcome to Home-Based Learning 2016!

By now, you should have the list of the team members in your group. Each team will analyse 2 articles below to identify 3 evidence/information (2 Demand + 1 Supply or 2 Supply + 1 Demand factors)  to answer the following essay question:

a) With reference to the 2 news articles, explain the fall in prices of coffee beans in Brazil.

To discuss the answers with your group members, double click anywhere on the wall and a virtual "sticky note" will appear at the top. From, enter your name, then you can use the "sticky note" to "chat" with each other. 

For example, Miss Lee: I don't think that is a non-price factor that affects demand. Please remember to write your name before the statement :) 

Lastly, please identify these non-price determinants of demand & supply by quoting the relevant phrases from the article. 

For example, as stated in article 1, "the recession in Europe has hit demand". After quoting the evidence for the article please proceed to explain how this non-price factor affects demand or supply with economic rigour. 

I have provided some scaffolding statements to guide you in your essay development. Address each statement by writing the essay segment in the respective sticky note. Press the pencil button to write the respective essay segment.

]]> 2016-04-04 06:06:48 UTC https://padlet.com/lee_xueting/16S19GROUP1/wish/104258406 Topic: Demand, Supply & Market Equilibrium lee_xueting https://padlet.com/lee_xueting/16S19GROUP1/wish/104258407 Objective - Students will be able to identify and explain how the demand and supply factors affect the market for coffee beans.]]> 2016-04-04 06:04:45 UTC https://padlet.com/lee_xueting/16S19GROUP1/wish/104258407 Group name: lee_xueting https://padlet.com/lee_xueting/16S19GROUP1/wish/104258408 Please write out the names of the members in the group.
1. Jia Qi
2. Sarah
3. Hong Lin
4.Kai Wei
5.]]> 2016-04-04 06:03:43 UTC https://padlet.com/lee_xueting/16S19GROUP1/wish/104258408 With reference to the 2 news articles,  explain the fall in prices of coffee beans in Brazil. lee_xueting https://padlet.com/lee_xueting/16S19GROUP1/wish/104258409 2016-04-04 05:52:46 UTC https://padlet.com/lee_xueting/16S19GROUP1/wish/104258409 News Article lee_xueting https://padlet.com/lee_xueting/16S19GROUP1/wish/104258410 2016-04-04 05:51:11 UTC https://padlet.com/lee_xueting/16S19GROUP1/wish/104258410 News Article 1 lee_xueting https://padlet.com/lee_xueting/16S19GROUP1/wish/104258411 2016-04-04 05:48:50 UTC https://padlet.com/lee_xueting/16S19GROUP1/wish/104258411