Coffee Bean Market - Arabica by XueTing Lee https://padlet.com/lee_xueting/16S19GROUP2 en-us 2016-04-06 00:30:20 UTC 2025-11-17 12:57:30 UTC hello@padlet.com Chat Box lee_xueting https://padlet.com/lee_xueting/16S19GROUP2/wish/104258367 Mrs Ting: Please input your names so that I know the group has logged in. Click on the pencil symbol before writing. Have your notes ready as reference.  

Not sure where are the 3 of you. All work need to be completed by this Sat 10am 

]]> 2016-04-04 06:39:46 UTC https://padlet.com/lee_xueting/16S19GROUP2/wish/104258367 Conclusion lee_xueting https://padlet.com/lee_xueting/16S19GROUP2/wish/104258368 The decrease in quantity supplied and demanded reinforce each othe to decrease quantity from Q1 to Q2. Because the other situations where  shift in SS >  Shift in DD would cause an increase in price instead and shift in SS = shift in DD,  hence demand for Arabica seeds must have decreased to cause price of coffee beans to decrease
It is assumed that the fall in coffee beans prices are wholly due to the fall in price of Arabica seeds in brazil.

]]> 2016-04-04 06:38:57 UTC https://padlet.com/lee_xueting/16S19GROUP2/wish/104258368 Body: State the new (final) equilibrium lee_xueting https://padlet.com/lee_xueting/16S19GROUP2/wish/104258369 Extent of shift in demand curve > shift in supply curve, Prices decreases from P1 to P2 and quantity decreases from Q1 to Q2 as it is reinforced by both decrease in demand and supply and a lower equilibrium at F is reached ( OP2Q2) which yield a lower TR than before, Ceteris paribus]]> 2016-04-04 06:38:13 UTC https://padlet.com/lee_xueting/16S19GROUP2/wish/104258369 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/16S19GROUP2/wish/104258370 Note: Please draw the diagram manually, take a photo and upload it by clicking the "video icon". ]]> 2016-04-04 06:35:51 UTC https://padlet.com/lee_xueting/16S19GROUP2/wish/104258370 Body: Decide the direction and magnitude in which the curves shift lee_xueting https://padlet.com/lee_xueting/16S19GROUP2/wish/104258371 " The farmers are upset by falling prices: their beans now fetch around $106 a 60kg bag, a four-year low" 
Prices decrease significantly 
Supply curve shifts to the left from S1 to S2
Demand curve shifts to the left from D1 to D2 
Extent of shift in demand curve > shift in supply curve.]]> 2016-04-04 06:34:27 UTC https://padlet.com/lee_xueting/16S19GROUP2/wish/104258371 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/16S19GROUP2/wish/104258372 1) Leaf rusting (weather factor) has caused Robusta coffee beans to thrive since they are resistant to it while Arabica, Brazil main coffee bean  as stated in article 1 bar diagram, is not and hence a decrease in quantity supplied at each and every possible price because it is harder for farmers to produce the same output of coffee beans witout incurring higher cost of maintenance
2 ) Change in taste and preference of people in countries like China and Indonesia to buy Robusta  in " Second, in places like China, Indonesia and Brazil itself, where coffee is an affordable luxury for the middle class, the market is growing by around 5% a year. But these drinkers are filling their pots with cheaper robusta beans"  causes increase in quantity demanded for Robusta seeds, which causes close substitutes like Arabica beans to face decrease in  quantity demand and cause price to be lowered, ceteris paribus
3 ) Recession in Europe is likely going to cause coffee drinkers to switch to cheaper alternatives in "the recession in Europe has hit demand and squeezed profits for roasters. These processors, including big food firms such as Nestlé and Kraft, have responded by blending cheaper robusta with Arabica" hence demand for Arabica beans will decrease and cause price of Arabica to be lowered, ceteris paribus]]> 2016-04-04 06:32:26 UTC https://padlet.com/lee_xueting/16S19GROUP2/wish/104258372 Body: State the initial equilibrium lee_xueting https://padlet.com/lee_xueting/16S19GROUP2/wish/104258373 Initially, the market is in equilibrium at point E with equilibrium price P1 and equilibrium quantity at Q1 which is the intersection of the demand curve D1 and supply curve S1 ]]> 2016-04-04 06:31:44 UTC https://padlet.com/lee_xueting/16S19GROUP2/wish/104258373 Introduction lee_xueting https://padlet.com/lee_xueting/16S19GROUP2/wish/104258374 Explain market mechanism:
The market mechanism refers to the interaction between the supply and the demand curve at a time. The equilibrium price is found between the intersection of the supply and demand curve from the different price mechanisms.

Define demand:
Effective demand refers to the amount of a good that consumers are willing and able to afford in a given period of time at various prices

Define supply: Supply refers to 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/16S19GROUP2/wish/104258374 Welcome:) lee_xueting https://padlet.com/lee_xueting/16S19GROUP2/wish/104258375
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/16S19GROUP2/wish/104258375 Topic: Demand, Supply & Market Equilibrium lee_xueting https://padlet.com/lee_xueting/16S19GROUP2/wish/104258376 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/16S19GROUP2/wish/104258376 Group name: lee_xueting https://padlet.com/lee_xueting/16S19GROUP2/wish/104258377 Please write out the names of the members in the group.
1. Joel chng
2.Yu Jie 
3.Wenzheng 
4.
5.]]> 2016-04-04 06:03:43 UTC https://padlet.com/lee_xueting/16S19GROUP2/wish/104258377 With reference to the 2 news articles,  explain the fall in prices of coffee beans in Brazil. lee_xueting https://padlet.com/lee_xueting/16S19GROUP2/wish/104258378 2016-04-04 05:52:46 UTC https://padlet.com/lee_xueting/16S19GROUP2/wish/104258378 News Article lee_xueting https://padlet.com/lee_xueting/16S19GROUP2/wish/104258379 2016-04-04 05:51:11 UTC https://padlet.com/lee_xueting/16S19GROUP2/wish/104258379 News Article 1 lee_xueting https://padlet.com/lee_xueting/16S19GROUP2/wish/104258380 2016-04-04 05:48:50 UTC https://padlet.com/lee_xueting/16S19GROUP2/wish/104258380