<?xml version="1.0"?>
<rss version="2.0">
   <channel>
      <title>Coffee Bean Market - Arabica by XueTing Lee</title>
      <link>https://padlet.com/lee_xueting/16S16GROUP4</link>
      <description></description>
      <language>en-us</language>
      <pubDate>2016-04-06 00:25:37 UTC</pubDate>
      <lastBuildDate>2023-02-20 08:38:26 UTC</lastBuildDate>
      <webMaster>hello@padlet.com</webMaster>
      <image>
         <url></url>
      </image>
      <item>
         <title>Chat Box</title>
         <author>lee_xueting</author>
         <link>https://padlet.com/lee_xueting/16S16GROUP4/wish/104257833</link>
         <description><![CDATA[]]></description>
         <enclosure url="" />
         <pubDate>2016-04-04 06:39:46 UTC</pubDate>
         <guid>https://padlet.com/lee_xueting/16S16GROUP4/wish/104257833</guid>
      </item>
      <item>
         <title>Conclusion</title>
         <author>lee_xueting</author>
         <link>https://padlet.com/lee_xueting/16S16GROUP4/wish/104257834</link>
         <description><![CDATA[<div>Therefore the decrease in demand as well as from the increase of supply of coffee beans reinforce each other to cause a large decrease in equilibrium price from E1 to E2&nbsp;</div>]]></description>
         <enclosure url="" />
         <pubDate>2016-04-04 06:38:57 UTC</pubDate>
         <guid>https://padlet.com/lee_xueting/16S16GROUP4/wish/104257834</guid>
      </item>
      <item>
         <title>Body: State the new (final) equilibrium</title>
         <author>lee_xueting</author>
         <link>https://padlet.com/lee_xueting/16S16GROUP4/wish/104257835</link>
         <description><![CDATA[<div><br>Final equilibrium is at E2, the intersection between the supply curve S2 and demand curve D2. Equilibrium price P2 is lower than P1 and Q2 is lower than Q1.</div>]]></description>
         <enclosure url="" />
         <pubDate>2016-04-04 06:38:13 UTC</pubDate>
         <guid>https://padlet.com/lee_xueting/16S16GROUP4/wish/104257835</guid>
      </item>
      <item>
         <title>Body: Using the market adjustment process, explain how the shift(s) changes the
equilibrium price and quantity (Explanation of diagram):</title>
         <author>lee_xueting</author>
         <link>https://padlet.com/lee_xueting/16S16GROUP4/wish/104257836</link>
         <description><![CDATA[<div>Note: Please draw the diagram manually, take a photo and upload it by clicking the "video icon".&nbsp;<br><br>Deman decreases and supply increases, creating a surplus of QsQd. The surplus exerts a downward pressure on price. The quantity supplied decreases and quantity demanded increases. The surplus is eliminated as equilibrium price falls from P1 to P2.</div>]]></description>
         <enclosure url="https://padletuploads.blob.core.windows.net/aws/110525472/6075070b96f8beb3b0e860f1b190dec28dd3cab2/ff48a8894b15ccc80e4e61de1262da2e.jpg" />
         <pubDate>2016-04-04 06:35:51 UTC</pubDate>
         <guid>https://padlet.com/lee_xueting/16S16GROUP4/wish/104257836</guid>
      </item>
      <item>
         <title>Body: Decide the direction and magnitude in which the curves shift</title>
         <author>lee_xueting</author>
         <link>https://padlet.com/lee_xueting/16S16GROUP4/wish/104257837</link>
         <description><![CDATA[<div>Leftward shift of the demand curve <br>Rightward shift of the supply curve<br><br>Shift of demand curve is greater than shift of supply curve<br><br><br></div>]]></description>
         <enclosure url="" />
         <pubDate>2016-04-04 06:34:27 UTC</pubDate>
         <guid>https://padlet.com/lee_xueting/16S16GROUP4/wish/104257837</guid>
      </item>
      <item>
         <title>Body: Identify and explain whether the factor/event shifts the demand or supply curve. (2 Demand + 1 Supply or 2 Supply + 1 Demand)</title>
         <author>lee_xueting</author>
         <link>https://padlet.com/lee_xueting/16S16GROUP4/wish/104257838</link>
         <description><![CDATA[<div><br>Increased production of robusta beans in Vietnam =&gt; Price of substitutes (robusta beans) decreases =&gt; Demand for arabica beans decreases<br><br>Recession in developed countries =&gt; Higher proportion of income of consumers =&gt; Demand decreases<br><br>Good harvest from previous years + Good weather =&gt; Increased supply of arabica beans<br><br></div>]]></description>
         <enclosure url="" />
         <pubDate>2016-04-04 06:32:26 UTC</pubDate>
         <guid>https://padlet.com/lee_xueting/16S16GROUP4/wish/104257838</guid>
      </item>
      <item>
         <title>Body: State the initial equilibrium</title>
         <author>lee_xueting</author>
         <link>https://padlet.com/lee_xueting/16S16GROUP4/wish/104257839</link>
         <description><![CDATA[<div>Where the the supply and demand for coffee beans are in equilibrium at point E1 on the graph, its price is at P1 and quantity is at Q1.</div>]]></description>
         <enclosure url="" />
         <pubDate>2016-04-04 06:31:44 UTC</pubDate>
         <guid>https://padlet.com/lee_xueting/16S16GROUP4/wish/104257839</guid>
      </item>
      <item>
         <title>Introduction</title>
         <author>lee_xueting</author>
         <link>https://padlet.com/lee_xueting/16S16GROUP4/wish/104257840</link>
         <description><![CDATA[<div>Explain market mechanism: The use of money exchanged by buyers and sellers with an open and understood system of value and time trade-offs to produce the best distribution of a good or service.<br><br><br>Define demand: A consumer's desire and willingness and ability to pay a price for a specific good or service.<br><br><br>Define supply: The directly proportional relationship between the price paid for a good or service and the quantity supplied.<br><br><br></div>]]></description>
         <enclosure url="" />
         <pubDate>2016-04-04 06:30:11 UTC</pubDate>
         <guid>https://padlet.com/lee_xueting/16S16GROUP4/wish/104257840</guid>
      </item>
      <item>
         <title>Welcome:)</title>
         <author>lee_xueting</author>
         <link>https://padlet.com/lee_xueting/16S16GROUP4/wish/104257841</link>
         <description><![CDATA[<div>Dear Students,</div><div><br></div><div>Welcome to Home-Based Learning 2016!</div><div><br>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)&nbsp; to answer the following essay question:<br><br><strong>a) With reference to the 2 news articles, explain the fall in prices of coffee beans in Brazil.</strong></div><div><br></div><div>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.&nbsp;<br><br>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 :)&nbsp;</div><div><br>Lastly, please identify these non-price determinants of demand &amp; supply by quoting the relevant phrases from the article.&nbsp;<br><br>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.&nbsp;</div><div><br>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.</div><div><br></div>]]></description>
         <enclosure url="" />
         <pubDate>2016-04-04 06:06:48 UTC</pubDate>
         <guid>https://padlet.com/lee_xueting/16S16GROUP4/wish/104257841</guid>
      </item>
      <item>
         <title>Topic: Demand, Supply &amp;amp; Market Equilibrium</title>
         <author>lee_xueting</author>
         <link>https://padlet.com/lee_xueting/16S16GROUP4/wish/104257842</link>
         <description><![CDATA[<div>Objective - Students will be able to identify and explain how the demand and supply factors affect the market for coffee beans.</div>]]></description>
         <enclosure url="" />
         <pubDate>2016-04-04 06:04:45 UTC</pubDate>
         <guid>https://padlet.com/lee_xueting/16S16GROUP4/wish/104257842</guid>
      </item>
      <item>
         <title>Group name:</title>
         <author>lee_xueting</author>
         <link>https://padlet.com/lee_xueting/16S16GROUP4/wish/104257844</link>
         <description><![CDATA[<div>Please write out the names of the members in the group.<br>1. Xinyi<br>2. Nicole<br>3. Keith<br>4. Alexander<br>5.</div>]]></description>
         <enclosure url="" />
         <pubDate>2016-04-04 06:03:43 UTC</pubDate>
         <guid>https://padlet.com/lee_xueting/16S16GROUP4/wish/104257844</guid>
      </item>
      <item>
         <title>With reference to the 2 news articles,  explain the fall in prices of coffee beans in Brazil.</title>
         <author>lee_xueting</author>
         <link>https://padlet.com/lee_xueting/16S16GROUP4/wish/104257845</link>
         <description><![CDATA[]]></description>
         <enclosure url="" />
         <pubDate>2016-04-04 05:52:46 UTC</pubDate>
         <guid>https://padlet.com/lee_xueting/16S16GROUP4/wish/104257845</guid>
      </item>
      <item>
         <title>News Article</title>
         <author>lee_xueting</author>
         <link>https://padlet.com/lee_xueting/16S16GROUP4/wish/104257846</link>
         <description><![CDATA[]]></description>
         <enclosure url="http://www.economist.com/blogs/economist-explains/2013/07/economist-explains-9" />
         <pubDate>2016-04-04 05:51:11 UTC</pubDate>
         <guid>https://padlet.com/lee_xueting/16S16GROUP4/wish/104257846</guid>
      </item>
      <item>
         <title>News Article 1</title>
         <author>lee_xueting</author>
         <link>https://padlet.com/lee_xueting/16S16GROUP4/wish/104257847</link>
         <description><![CDATA[]]></description>
         <enclosure url="http://www.economist.com/news/finance-and-economics/21581727-plenty-coffee-too-few-drinkers-brewed-awakening" />
         <pubDate>2016-04-04 05:48:50 UTC</pubDate>
         <guid>https://padlet.com/lee_xueting/16S16GROUP4/wish/104257847</guid>
      </item>
   </channel>
</rss>
