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      <title>My glorious wall by Cheryl Dee</title>
      <link>https://padlet.com/cheryldch/3m2ape2aioqa</link>
      <description>Made with lemon-y love</description>
      <language>en-us</language>
      <pubDate>2018-01-16 16:43:34 UTC</pubDate>
      <lastBuildDate>2023-12-29 01:41:36 UTC</lastBuildDate>
      <webMaster>hello@padlet.com</webMaster>
      <image>
         <url></url>
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      <item>
         <title>Main issue </title>
         <author>cheryldch</author>
         <link>https://padlet.com/cheryldch/3m2ape2aioqa/wish/221781857</link>
         <description><![CDATA[<div>Amongst other fruits, citrus fruits are fruit crops that are ranked highly in generating profits in the international trade market. Significant amount of lemons are grown in this citrus production of the fresh fruit market. Lemons play a huge role in our daily lives as it has many uses, from aiding illnesses to producing a nice fragrance oil. Henceforth, we will be looking into the economics of the lemon market.</div>]]></description>
         <enclosure url="" />
         <pubDate>2018-01-16 16:47:07 UTC</pubDate>
         <guid>https://padlet.com/cheryldch/3m2ape2aioqa/wish/221781857</guid>
      </item>
      <item>
         <title>News Articles Chosen </title>
         <author>cheryldch</author>
         <link>https://padlet.com/cheryldch/3m2ape2aioqa/wish/221781992</link>
         <description><![CDATA[<div>(1) <a href="http://www.freshplaza.com/article/186297/OVERVIEW-GLOBAL-LEMON-MARKET">http://www.freshplaza.com/article/186297/OVERVIEW-GLOBAL-LEMON-MARKET</a><br>(2) <a href="http://ultranl.com/market/global-lemon-oil-update-summer-2017/">http://ultranl.com/market/global-lemon-oil-update-summer-2017/</a><br>(3) <a href="http://www.fruitnet.com/eurofruit/article/174221/a-memorable-lemon-season#">http://www.fruitnet.com/eurofruit/article/174221/a-memorable-lemon-season#</a><br><br></div>]]></description>
         <enclosure url="" />
         <pubDate>2018-01-16 16:47:13 UTC</pubDate>
         <guid>https://padlet.com/cheryldch/3m2ape2aioqa/wish/221781992</guid>
      </item>
      <item>
         <title>Legend </title>
         <author>cheryldch</author>
         <link>https://padlet.com/cheryldch/3m2ape2aioqa/wish/221782037</link>
         <description><![CDATA[<div>(1)/(2)/(3) -- Annotates that the information is from the labelled chosen news article</div>]]></description>
         <enclosure url="" />
         <pubDate>2018-01-16 16:47:18 UTC</pubDate>
         <guid>https://padlet.com/cheryldch/3m2ape2aioqa/wish/221782037</guid>
      </item>
      <item>
         <title>Fallacy of Composition </title>
         <author>cheryldch</author>
         <link>https://padlet.com/cheryldch/3m2ape2aioqa/wish/221782075</link>
         <description><![CDATA[<div>(1)<strong> "Last year was an off year for the lemons. This is expected to be a good season. As a response to increasing import of lemons, the provinces of Yunnan and Chongqing have also invested in lemon cultivation."<br>- </strong>Increasing imports due to high demand of lemons from Anyue, does not mean high demand from the whole country (other provinces in China) <br>- Seasons for lemons are unpredictable <br>- Does not determine a fixed increasing demand for lemons <br>- Demand may drop, reducing imports </div>]]></description>
         <enclosure url="" />
         <pubDate>2018-01-16 16:47:23 UTC</pubDate>
         <guid>https://padlet.com/cheryldch/3m2ape2aioqa/wish/221782075</guid>
      </item>
      <item>
         <title>Elasticity</title>
         <author>cheryldch</author>
         <link>https://padlet.com/cheryldch/3m2ape2aioqa/wish/221782113</link>
         <description><![CDATA[<div>Elasticity is a concept used by economists to measure the responsiveness of people to changes in economic variables.<br>Lemon is probably inelastic<br>Lemon is not considered a luxury but instead a necessity.<br><br>For the availability of substitutes, there is only one close substitute, the substitute being lime.<br><br>Total Revenue is equal to the product of price and quantity sold. As the demand of lemon is price inelastic, a decrease in price will result in a decrease in total revenue, and vice versa. <br><br>Other References:<br><a href="http://www.freshplaza.com/article/170202/Greece-Lemon-prices-on-the-rise">http://www.freshplaza.com/article/170202/Greece-Lemon-prices-on-the-rise</a></div>]]></description>
         <enclosure url="" />
         <pubDate>2018-01-16 16:47:28 UTC</pubDate>
         <guid>https://padlet.com/cheryldch/3m2ape2aioqa/wish/221782113</guid>
      </item>
      <item>
         <title>Demand</title>
         <author>cheryldch</author>
         <link>https://padlet.com/cheryldch/3m2ape2aioqa/wish/221782150</link>
         <description><![CDATA[<div>(1) Summary from Article <br><br></div><div><strong>US: </strong></div><div>As the Mexican and Chilean lemon season is over, US lemons are dominating the market. Demand and prices are stable. There is demand for US lemons locally and internationally. US lemons can be exported to all these markets throughout the year due to California’s different climate zones.<em><br></em><br></div><div><strong>China: </strong></div><div>Due to increasing lemon imports, more provinces have invested in cultivation of lemons. Due to more lemon farmers, an increase in pressure on price is expected.<br><br></div><div><strong>Australia:</strong></div><div>Citrus exports were worth $377,000,000 in 2017, a new record. Lemon cultivation is expected to grow by half in the following 10 years. Demand for lemons is also expected to rise as lemons are popular among health-conscious consumers due to its high nutritional value. <em><br></em><br></div><div>(3) Summary from Article <br><br></div><div>South Africa has been exporting more lemons as lemon plantations have increased. There has been more demand for lemons, especially in Asia due to its health benefits. As an increasing number of lemons are being exported out, there is less for the local market. This has caused lemon to be a scarce commodity in South Africa. The Citrus Grower’s Association (CGA) reported that increasing plantings and better export grade fruits have caused prices to be under pressure. The CGA expects that prices to decrease in most markets, in 2017. It is expected that lemon exports continue to increase and prices will be under pressure. <br><br></div>]]></description>
         <enclosure url="" />
         <pubDate>2018-01-16 16:47:33 UTC</pubDate>
         <guid>https://padlet.com/cheryldch/3m2ape2aioqa/wish/221782150</guid>
      </item>
      <item>
         <title>(2)(G2) Graph of Historical Output of Lemons</title>
         <author>cheryldch</author>
         <link>https://padlet.com/cheryldch/3m2ape2aioqa/wish/221782197</link>
         <description><![CDATA[]]></description>
         <enclosure url="https://padletuploads.blob.core.windows.net/prod/199312877/bec948226a9a9c1221e5087a2c3b5180/Screen_Shot_2018_01_10_at_12_13_56_AM.png" />
         <pubDate>2018-01-16 16:47:39 UTC</pubDate>
         <guid>https://padlet.com/cheryldch/3m2ape2aioqa/wish/221782197</guid>
      </item>
      <item>
         <title>(2) Graph of Number of Lemon Fruits sent for Processing </title>
         <author>cheryldch</author>
         <link>https://padlet.com/cheryldch/3m2ape2aioqa/wish/221782267</link>
         <description><![CDATA[<div>This shows the supply of lemons</div>]]></description>
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         <pubDate>2018-01-16 16:47:45 UTC</pubDate>
         <guid>https://padlet.com/cheryldch/3m2ape2aioqa/wish/221782267</guid>
      </item>
      <item>
         <title>Determinants of supply - Expectation of sellers</title>
         <author>cheryldch</author>
         <link>https://padlet.com/cheryldch/3m2ape2aioqa/wish/221782313</link>
         <description><![CDATA[<div>- Producers of lemons expect a high demand of lemons. <br>- Producers start to produce more so to cope with the high demand and to earn more money.<br><br>Example: China <br>- China has been exporting lemons out globally<br>- higher demand of lemons due to health benefits</div>]]></description>
         <enclosure url="" />
         <pubDate>2018-01-16 16:47:50 UTC</pubDate>
         <guid>https://padlet.com/cheryldch/3m2ape2aioqa/wish/221782313</guid>
      </item>
      <item>
         <title>Future Supply of Lemons?</title>
         <author>cheryldch</author>
         <link>https://padlet.com/cheryldch/3m2ape2aioqa/wish/221782347</link>
         <description><![CDATA[<div>- high demand of lemons<br>- Producers want to produce more to earn more money<br>- supply in the future will increase </div>]]></description>
         <enclosure url="" />
         <pubDate>2018-01-16 16:47:55 UTC</pubDate>
         <guid>https://padlet.com/cheryldch/3m2ape2aioqa/wish/221782347</guid>
      </item>
      <item>
         <title>Determinants of Supply - Weather </title>
         <author>cheryldch</author>
         <link>https://padlet.com/cheryldch/3m2ape2aioqa/wish/221782387</link>
         <description><![CDATA[<div>- Weather affects the growth of lemons. Different types of weather will affect the output of lemons. Which causes a different number of sellers <br><br>Example: <em>Spain</em></div><div>In 2017, there has been an increase of extreme weather cases such as extremely high temperature and droughts in the key southern hemispheres that affect the lemon crops in Spain. This caused a decrease in the number of crops which caused a decrease in the number of sellers. </div>]]></description>
         <enclosure url="" />
         <pubDate>2018-01-16 16:47:59 UTC</pubDate>
         <guid>https://padlet.com/cheryldch/3m2ape2aioqa/wish/221782387</guid>
      </item>
      <item>
         <title>Determinants of Supply - Legal Restrictions </title>
         <author>cheryldch</author>
         <link>https://padlet.com/cheryldch/3m2ape2aioqa/wish/221782429</link>
         <description><![CDATA[<div>- Legal restrictions are standards and requirements of a good before it is able to be exported into a country. <br>- Legal restrictions will affect the supply of one country. <br>- this will affect the number of sellers in the country <br><br>Example: USA <br>- only a certain colour of lemons are allowed to be exported into the US. <br>- Argentinas lemon crop are mostly not in that colour during peak harvesting seasons. </div>]]></description>
         <enclosure url="" />
         <pubDate>2018-01-16 16:48:04 UTC</pubDate>
         <guid>https://padlet.com/cheryldch/3m2ape2aioqa/wish/221782429</guid>
      </item>
      <item>
         <title>Supply</title>
         <author>cheryldch</author>
         <link>https://padlet.com/cheryldch/3m2ape2aioqa/wish/221782470</link>
         <description><![CDATA[<div>- number of goods that producers are willing to sell to the population.<br>- In this context, the amount of lemons producers are willing to sell</div>]]></description>
         <enclosure url="" />
         <pubDate>2018-01-16 16:48:08 UTC</pubDate>
         <guid>https://padlet.com/cheryldch/3m2ape2aioqa/wish/221782470</guid>
      </item>
      <item>
         <title>Scarcity </title>
         <author>cheryldch</author>
         <link>https://padlet.com/cheryldch/3m2ape2aioqa/wish/221799625</link>
         <description><![CDATA[<div>- wants for goods and services are unlimited&nbsp;<br>- resources used to make those goods and services are limited.&nbsp;<br>- forces us to make a choice<br>- opportunity cost</div>]]></description>
         <enclosure url="" />
         <pubDate>2018-01-16 17:25:43 UTC</pubDate>
         <guid>https://padlet.com/cheryldch/3m2ape2aioqa/wish/221799625</guid>
      </item>
      <item>
         <title>Lemon as a scarce commodity </title>
         <author>cheryldch</author>
         <link>https://padlet.com/cheryldch/3m2ape2aioqa/wish/221800961</link>
         <description><![CDATA[<div>(3)<strong> “The diversion of lemons to the export market had an effect on the local market and processed returns, as the lemon became a scarce commodity. " <br>- </strong>Different tariffs of countries in export market <br>- Overseas buyers look for cheaper alternatives <br>- Formation of Free Trade Agreement / Customs Union <br>- Less efficient exporter <br>- Best alternative of choosing more efficient exporter forgone <br>- Opportunity cost includes: quality/conditions of lemons, time taken to reach other countries<br>- In favour of buyers, total cost of lemons cheaper <br>- Low tariff <strong>vs </strong>lower cost goods but higher tariff </div>]]></description>
         <enclosure url="" />
         <pubDate>2018-01-16 17:28:41 UTC</pubDate>
         <guid>https://padlet.com/cheryldch/3m2ape2aioqa/wish/221800961</guid>
      </item>
      <item>
         <title>Determinants of Demand - Tastes and Preferences </title>
         <author>cheryldch</author>
         <link>https://padlet.com/cheryldch/3m2ape2aioqa/wish/221812338</link>
         <description><![CDATA[]]></description>
         <enclosure url="" />
         <pubDate>2018-01-16 17:52:24 UTC</pubDate>
         <guid>https://padlet.com/cheryldch/3m2ape2aioqa/wish/221812338</guid>
      </item>
      <item>
         <title>Determinant of Demand - Number of buyers in the market</title>
         <author>cheryldch</author>
         <link>https://padlet.com/cheryldch/3m2ape2aioqa/wish/221812962</link>
         <description><![CDATA[]]></description>
         <enclosure url="" />
         <pubDate>2018-01-16 17:53:52 UTC</pubDate>
         <guid>https://padlet.com/cheryldch/3m2ape2aioqa/wish/221812962</guid>
      </item>
      <item>
         <title>Elasticity </title>
         <author>cheryldch</author>
         <link>https://padlet.com/cheryldch/3m2ape2aioqa/wish/221816346</link>
         <description><![CDATA[]]></description>
         <enclosure url="" />
         <pubDate>2018-01-16 18:01:02 UTC</pubDate>
         <guid>https://padlet.com/cheryldch/3m2ape2aioqa/wish/221816346</guid>
      </item>
      <item>
         <title>Determinant of Price Elasticity of Demand - Availability of Substitutes </title>
         <author>cheryldch</author>
         <link>https://padlet.com/cheryldch/3m2ape2aioqa/wish/221817005</link>
         <description><![CDATA[]]></description>
         <enclosure url="" />
         <pubDate>2018-01-16 18:02:29 UTC</pubDate>
         <guid>https://padlet.com/cheryldch/3m2ape2aioqa/wish/221817005</guid>
      </item>
      <item>
         <title>Determinant of Price Elasticity of Demand - Necessity VS Luxury </title>
         <author>cheryldch</author>
         <link>https://padlet.com/cheryldch/3m2ape2aioqa/wish/221817712</link>
         <description><![CDATA[]]></description>
         <enclosure url="" />
         <pubDate>2018-01-16 18:04:07 UTC</pubDate>
         <guid>https://padlet.com/cheryldch/3m2ape2aioqa/wish/221817712</guid>
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