Coffee Bean Market - Arabica by XueTing Lee https://padlet.com/lee_xueting/16S04GROUP5 en-us 2016-04-06 00:47:46 UTC 2025-04-02 11:10:57 UTC hello@padlet.com News Article 1 lee_xueting https://padlet.com/lee_xueting/16S04GROUP5/wish/104260235 2016-04-04 05:48:50 UTC https://padlet.com/lee_xueting/16S04GROUP5/wish/104260235 News Article lee_xueting https://padlet.com/lee_xueting/16S04GROUP5/wish/104260236 2016-04-04 05:51:11 UTC https://padlet.com/lee_xueting/16S04GROUP5/wish/104260236 With reference to the 2 news articles,  explain the fall in prices of coffee beans in Brazil. lee_xueting https://padlet.com/lee_xueting/16S04GROUP5/wish/104260237 2016-04-04 05:52:46 UTC https://padlet.com/lee_xueting/16S04GROUP5/wish/104260237 Group name: lee_xueting https://padlet.com/lee_xueting/16S04GROUP5/wish/104260238 Please write out the names of the members in the group.
1.Tabatha
2.Shi Hui
3.Noriman
4.Yee Khai
5.]]> 2016-04-04 06:03:43 UTC https://padlet.com/lee_xueting/16S04GROUP5/wish/104260238 Topic: Demand, Supply & Market Equilibrium lee_xueting https://padlet.com/lee_xueting/16S04GROUP5/wish/104260239 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/16S04GROUP5/wish/104260239 Welcome:) lee_xueting https://padlet.com/lee_xueting/16S04GROUP5/wish/104260240 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/16S04GROUP5/wish/104260240 Introduction lee_xueting https://padlet.com/lee_xueting/16S04GROUP5/wish/104260241 Explain market mechanism: Market mechanism works through the interaction of the market forces of demand and supply to determine the equilibrium price and output.

Define demand: Demand is the quantity of goods that consumers are able and willing to purchase at each price over a period of time, ceteris paribus.

Define supply: Supply is the quantity of goods producers are able and willing to sell at each price over a period of time, ceteris paribus.




]]> 2016-04-04 06:30:11 UTC https://padlet.com/lee_xueting/16S04GROUP5/wish/104260241 Body: State the initial equilibrium lee_xueting https://padlet.com/lee_xueting/16S04GROUP5/wish/104260242 At the initial equlibrium, where D0 meets S0, the equiliiruim is E0 and the price and quantity are P0 and Q0 respectively.]]> 2016-04-04 06:31:44 UTC https://padlet.com/lee_xueting/16S04GROUP5/wish/104260242 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/16S04GROUP5/wish/104260243 One of the factors that have affected the market of the Brazil's coffee bean is the cheaper robusta beans from Vietnam. The robusta beans from Vietnam are cheaper than the Brazil's coffee beans which caused many consumers to buy the robusta beans from Vietnam instead. This means number of buyers decreases. As such quantity demanded decreases from Qo to Q1, ceteris paribus.This shifts the demand curve leftwards.
Another factor that have affected the market of the Brazil's coffee bean is the decrease in price of coffee beans sold by the big food firms in Europe such as Nestle and Kraft. The recession in Europe urged many big food firms such as Nestle and Kraft to sell cheaper robusta with arabica which resulted in price of related goods (substitutes ) like Brazil 's coffee bean to have lesser buyers. As number of buyers decreases , quantity demanded decreases from Q1 to Q2, ceteris paribus. This shifts the demand curve leftwards.
Also, price of related goods like price of sugarcane have affected market of the Brazil's coffee bean. The price of sugar cane compared to the price of coffee beans in Brazil is much lower. Sugar canes are substitutes of coffee beans from Brazil. This will cause number of buyers of the coffee beans from Brazil to decrease. As number of buyers decreases , quantity decreases from Q2 to Q3, ceteris paribus. this shifts the demand curve further to the left . 
One factor affecting market of the coffee bean is the improvement in technology . The surge in price of coffee beans in Brazil have forced many farmers to replant many coffee plantations with more productive bushes . This leads to increase in quantity supplied from S0 to S1, ceteris paribus . This shifts the supply curve to the rightwards.]]> 2016-04-04 06:32:26 UTC https://padlet.com/lee_xueting/16S04GROUP5/wish/104260243 Body: Decide the direction and magnitude in which the curves shift lee_xueting https://padlet.com/lee_xueting/16S04GROUP5/wish/104260244 There is a leftwards shift of the demand curve .
Demand curve shift by a lot .
Supply curve remains unchanged.

]]> 2016-04-04 06:34:27 UTC https://padlet.com/lee_xueting/16S04GROUP5/wish/104260244 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/16S04GROUP5/wish/104260245 Note: Please draw the diagram manually, take a photo and upload it by clicking the "video icon". 
Ans: The shift in demand curve is greater than that of supply curve, Initially,at the original price Po, the market for Brazil's coffee bean is at equilibrium at the intersection of the demand (Do) and supply(So) curves. However, due to the decrease in demand and increase in supply , there is a surplus of QdQs causing a downwards pressure on the price . As a result , the price falls. As price falls, quantity demanded decreases and quantity supplied increased until the demand and supply curve reach a new equilibrium point.]]> 2016-04-04 06:35:51 UTC https://padlet.com/lee_xueting/16S04GROUP5/wish/104260245 Body: State the new (final) equilibrium lee_xueting https://padlet.com/lee_xueting/16S04GROUP5/wish/104260246 the final equilibrium is at the intersection of the Demand (d3 ) and supply(S0) curves with the equilibrium price lower than before and new equilibrium quantity more than the original one]]> 2016-04-04 06:38:13 UTC https://padlet.com/lee_xueting/16S04GROUP5/wish/104260246 Conclusion lee_xueting https://padlet.com/lee_xueting/16S04GROUP5/wish/104260247 In conclusion, a fall in the price of coffee beans may be due to a large decrease in demand and an increase in supply.]]> 2016-04-04 06:38:57 UTC https://padlet.com/lee_xueting/16S04GROUP5/wish/104260247 Chat Box lee_xueting https://padlet.com/lee_xueting/16S04GROUP5/wish/104260248 Ms Lee: Hi]]> 2016-04-04 06:39:46 UTC https://padlet.com/lee_xueting/16S04GROUP5/wish/104260248 https://padlet.com/lee_xueting/16S04GROUP5/wish/106924524 2016-04-21 05:53:35 UTC https://padlet.com/lee_xueting/16S04GROUP5/wish/106924524