Coffee Bean Market - Arabica by XueTing Lee https://padlet.com/lee_xueting/16A05GROUP5 en-us 2016-04-06 00:15:05 UTC 2025-10-19 14:27:52 UTC hello@padlet.com Chat Box lee_xueting https://padlet.com/lee_xueting/16A05GROUP5/wish/104256705 Mrs Ting: Keep going. Please write in complete sentences. ]]> 2016-04-04 06:39:46 UTC https://padlet.com/lee_xueting/16A05GROUP5/wish/104256705 Conclusion lee_xueting https://padlet.com/lee_xueting/16A05GROUP5/wish/104256706 In conclusion, the fall in prices of beans are a result the surplus of arabica beans produced and the decrease in demand due to the fall in income of the people and the substitution with robusta beans instead of arabica beans.]]> 2016-04-04 06:38:57 UTC https://padlet.com/lee_xueting/16A05GROUP5/wish/104256706 Body: State the new (final) equilibrium lee_xueting https://padlet.com/lee_xueting/16A05GROUP5/wish/104256707 Due to the downward pressure, the new final equilibrium is at E2, where S2 and D2 meet.]]> 2016-04-04 06:38:13 UTC https://padlet.com/lee_xueting/16A05GROUP5/wish/104256707 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/16A05GROUP5/wish/104256708 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/16A05GROUP5/wish/104256708 Body: Decide the direction and magnitude in which the curves shift lee_xueting https://padlet.com/lee_xueting/16A05GROUP5/wish/104256709 The supply curve shifts to the right, while the demand curve shifts to the left]]> 2016-04-04 06:34:27 UTC https://padlet.com/lee_xueting/16A05GROUP5/wish/104256709 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/16A05GROUP5/wish/104256710 Due to the recession the demand curve shifts to the right.There will also be a decrease in demand for Arabica beans over Robusta beans,due the low cost of Robusta beans.Hence this will lead to a decrease in demand for Arabica beans.Also, there will be a decrease in demand due to the recession as consumers become more price conscious.The demand curve shifts to the left.
Overall the demand curve will shift greater than the supply curve since there are more factors attributing to the decrease in demand.]]> 2016-04-04 06:32:26 UTC https://padlet.com/lee_xueting/16A05GROUP5/wish/104256710 Body: State the initial equilibrium lee_xueting https://padlet.com/lee_xueting/16A05GROUP5/wish/104256711 Initial Equilibrium is E1, where D1 and S1 meet.]]> 2016-04-04 06:31:44 UTC https://padlet.com/lee_xueting/16A05GROUP5/wish/104256711 Introduction lee_xueting https://padlet.com/lee_xueting/16A05GROUP5/wish/104256712 Explain market mechanism:
Price mechanism is an economic term that refers to the manner in which resources are allocated based on prices of goods and services


Define demand:
Demand is the amount of good that consumers are able and willing to purchase in a given period of time at various prices.

Define supply:
Supply is the amount of a good that producers 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/16A05GROUP5/wish/104256712 Welcome:) lee_xueting https://padlet.com/lee_xueting/16A05GROUP5/wish/104256713 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/16A05GROUP5/wish/104256713 Topic: Demand, Supply & Market Equilibrium lee_xueting https://padlet.com/lee_xueting/16A05GROUP5/wish/104256714 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/16A05GROUP5/wish/104256714 Group name: lee_xueting https://padlet.com/lee_xueting/16A05GROUP5/wish/104256715 Please write out the names of the members in the group.
1. Erica
2. Raashida
3. Sharizman
4. Sharnitha

]]> 2016-04-04 06:03:43 UTC https://padlet.com/lee_xueting/16A05GROUP5/wish/104256715 With reference to the 2 news articles,  explain the fall in prices of coffee beans in Brazil. lee_xueting https://padlet.com/lee_xueting/16A05GROUP5/wish/104256716 There is a fall in prices of coffee beans in Brazil due to the surplus of beans. This is evident from the lines, "Nor is the supply of arabica beans likely to fall. In response to the high prices of 2011 Brazilian farmers invested heavily in new acreage and improved yields with better husbandry and more fertiliser. High prices also convinced Colombian farmers to replant many coffee".This means that the sellers expectations were not met, leading to an excess in supply. Brazil produces the arabian variety of coffee beans, and despite the bountiful harvest, there is insufficient demand and the excess supply is staggering.

The fall in prices of coffee beans are also due to a fall in demand. There are 2 reasons for a decrease in demand. Firstly it is due to the recession in Europe which leads to a decrease in demand for coffee. This is with reference to the lines "Worse still for arabica producers, the recession in Europe has hit demand and squeezed profits for roasters".Secondly,there is a decrease in demand for arabica beans, due to an increase in preference for Robusta beans. I can tell as the article states that,"In the developing countries such as China, Indonesia, and Brazil, meanwhile, where the emerging middle classes are discovering the joys of coffee and the market is growing by around 5% a year, robusta is the bean of choice."  This will overall lead to a fall in prices of coffee beans since robusta beans are a strong subsitute, and the excess supply of Brazillian coffee beans is not met by the demand, resulting in a surplus, which in turn results to the lowering of prices of coffee beans in attempt to increase demand. 


]]> 2016-04-04 05:52:46 UTC https://padlet.com/lee_xueting/16A05GROUP5/wish/104256716 News Article lee_xueting https://padlet.com/lee_xueting/16A05GROUP5/wish/104256717 2016-04-04 05:51:11 UTC https://padlet.com/lee_xueting/16A05GROUP5/wish/104256717 News Article 1 lee_xueting https://padlet.com/lee_xueting/16A05GROUP5/wish/104256718 2016-04-04 05:48:50 UTC https://padlet.com/lee_xueting/16A05GROUP5/wish/104256718