Coffee Bean Market - Arabica by XueTing Lee https://padlet.com/lee_xueting/16S20GROUP3 en-us 2016-04-06 00:33:01 UTC 2025-12-15 23:10:47 UTC hello@padlet.com News Article 1 lee_xueting https://padlet.com/lee_xueting/16S20GROUP3/wish/104258593 2016-04-04 05:48:50 UTC https://padlet.com/lee_xueting/16S20GROUP3/wish/104258593 News Article lee_xueting https://padlet.com/lee_xueting/16S20GROUP3/wish/104258594 2016-04-04 05:51:11 UTC https://padlet.com/lee_xueting/16S20GROUP3/wish/104258594 With reference to the 2 news articles,  explain the fall in prices of coffee beans in Brazil. lee_xueting https://padlet.com/lee_xueting/16S20GROUP3/wish/104258595 Jiajun:

To begin with, the prices of coffee beans in Brazil is determined by the forces of demand & supply. Demand refers to the amount of coffee beans consumers are willing and able to purchase in a given time period at various prices. Supply refers to the amount of coffee beans producers are willing and able to produce and sell for at various prices in a given time period

One of the factors leading to a decrease in the prices of coffee beans is the increase in supply of coffee beans. This can be seen from "reason is that production of coffee, and of cheaper robusta beans in particular, is booming. Vietnam has gone from growing almost nothing a decade ago to producing 25m bags of robusta beans a year today. The result is an oversupply of coffee." The "oversupply" of coffee beans leads to a leftward shift in the supply curve, ceteris paribus. Assuming that demand curve remains constant, this would cause the price of coffee beans to fall.

Another factor accounting for the fall in prices of coffee beans is the decrease in demand for coffee beans due to a recession in Europe. A recession leads to a decrease in the income of consumers. With a decreased income, consumers have a smaller purchasing power and as such, they'll be less willing and able to consume coffee for the same given price, causing a decrease in demand for coffee and thus, a leftward shift in the demand curve, ceteris paribus.

The rightward shift in the supply curve and the leftward shift in the demand curve leads to a downward pressure on price as there will be excess supply if prices were to remain at the same initial equillibrium. 


]]> 2016-04-04 05:52:46 UTC https://padlet.com/lee_xueting/16S20GROUP3/wish/104258595 Group name: lee_xueting https://padlet.com/lee_xueting/16S20GROUP3/wish/104258596 Please write out the names of the members in the group.
1. Mae
2. Jacelyn
3. Evangeline
4. Sheryl
5. Jia Jun]]> 2016-04-04 06:03:43 UTC https://padlet.com/lee_xueting/16S20GROUP3/wish/104258596 Topic: Demand, Supply & Market Equilibrium lee_xueting https://padlet.com/lee_xueting/16S20GROUP3/wish/104258597 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/16S20GROUP3/wish/104258597 Welcome:) lee_xueting https://padlet.com/lee_xueting/16S20GROUP3/wish/104258598 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/16S20GROUP3/wish/104258598 Introduction lee_xueting https://padlet.com/lee_xueting/16S20GROUP3/wish/104258599 Sheryl: Market mechanism works through the interaction of the market forces of demand and supply to determine the equilibrium price and output.
Demand is the amount of coffee beans that consumers are willing and able to purchase in a given time period at various prices,ceteris paribus.
Supply is the total amount of coffee beans that suppliers are able and willing to offer for sale in a given time period at various prices, ceteris paribus.



]]> 2016-04-04 06:30:11 UTC https://padlet.com/lee_xueting/16S20GROUP3/wish/104258599 Body: State the initial equilibrium lee_xueting https://padlet.com/lee_xueting/16S20GROUP3/wish/104258600 The initial equilibrium is at E1 where the demand curve, D1, cuts the supply curve, S1, with the price and quantity at P1 and Q1 respectively.]]> 2016-04-04 06:31:44 UTC https://padlet.com/lee_xueting/16S20GROUP3/wish/104258600 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/16S20GROUP3/wish/104258601 Evangeline:
(Demand) The European recession affects the demand. The income of consumers decreases, thus leading to a decrease in purchasing power. In certain countries, coffee beans are also considered as a luxury good. Therefore, it is not a necessity and thus demand for coffee beans decreases. Therefore, the supply curve shifts leftwards from D1 to D2, ceteris paribus.
   
Jacelyn: 
(Supply) Cost of production for coffee beans is rising as it is a labour intensive crop. Wages in Brazil and Colombia are rising fast and production costs are above prices. Assuming the budget remains the same, producers of coffee beans can produce lesser coffee beans as compared to before. This would cause a fall in profits resulting in the decrease of supply of coffee beans Therefore, the supply curve shifts rightwards from S1 to S2, ceteris paribus.

Sheryl:
(Supply)
Good weather,better husbandry,more fertiliser in Brazil means that this year's crop has turned out to be unexpectedly large. This will cause more crops to be produce in the year.This will increase the supply of coffee beans.Therefore the supply curve shifts rightwards from S1 to S2,ceteris paribus.

]]> 2016-04-04 06:32:26 UTC https://padlet.com/lee_xueting/16S20GROUP3/wish/104258601 Body: Decide the direction and magnitude in which the curves shift lee_xueting https://padlet.com/lee_xueting/16S20GROUP3/wish/104258602 Mae: The supply curve shifts towards the right while the demand curve shifts towards the left. The supply curve shifts at a greater magnitude than the demand curve.]]> 2016-04-04 06:34:27 UTC https://padlet.com/lee_xueting/16S20GROUP3/wish/104258602 Body: State the new (final) equilibrium lee_xueting https://padlet.com/lee_xueting/16S20GROUP3/wish/104258604 Jiajun:
$106/60kg bag]]> 2016-04-04 06:38:13 UTC https://padlet.com/lee_xueting/16S20GROUP3/wish/104258604 Conclusion lee_xueting https://padlet.com/lee_xueting/16S20GROUP3/wish/104258605 Evangeline:
The shift in both the demand and supply curve results in an overall decrease in price of coffee beans in Brazil.]]> 2016-04-04 06:38:57 UTC https://padlet.com/lee_xueting/16S20GROUP3/wish/104258605 Chat Box lee_xueting https://padlet.com/lee_xueting/16S20GROUP3/wish/104258606 Ms Lee: Hi
Mr Chan: Do state your name before adding any comments]]> 2016-04-04 06:39:46 UTC https://padlet.com/lee_xueting/16S20GROUP3/wish/104258606 IS JIAJUN ALIVE? https://padlet.com/lee_xueting/16S20GROUP3/wish/106910387 hi jiajun if you see this pls reply
yes 
i am alive

]]> 2016-04-21 02:30:39 UTC https://padlet.com/lee_xueting/16S20GROUP3/wish/106910387 Diagram https://padlet.com/lee_xueting/16S20GROUP3/wish/106917597 2016-04-21 04:09:46 UTC https://padlet.com/lee_xueting/16S20GROUP3/wish/106917597