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      <title>Coffee Bean Market - Arabica by XueTing Lee</title>
      <link>https://padlet.com/lee_xueting/16S20GROUP5</link>
      <description></description>
      <language>en-us</language>
      <pubDate>2016-04-06 00:32:59 UTC</pubDate>
      <lastBuildDate>2025-10-20 09:12:38 UTC</lastBuildDate>
      <webMaster>hello@padlet.com</webMaster>
      <image>
         <url></url>
      </image>
      <item>
         <title>News Article 1</title>
         <author>lee_xueting</author>
         <link>https://padlet.com/lee_xueting/16S20GROUP5/wish/104258562</link>
         <description><![CDATA[]]></description>
         <enclosure url="" />
         <pubDate>2016-04-04 05:48:50 UTC</pubDate>
         <guid>https://padlet.com/lee_xueting/16S20GROUP5/wish/104258562</guid>
      </item>
      <item>
         <title>News Article 2</title>
         <author>lee_xueting</author>
         <link>https://padlet.com/lee_xueting/16S20GROUP5/wish/104258563</link>
         <description><![CDATA[]]></description>
         <enclosure url="http://www.economist.com/blogs/economist-explains/2013/07/economist-explains-9" />
         <pubDate>2016-04-04 05:51:11 UTC</pubDate>
         <guid>https://padlet.com/lee_xueting/16S20GROUP5/wish/104258563</guid>
      </item>
      <item>
         <title>With reference to the 2 news articles,  explain the fall in prices of coffee beans in Brazil.</title>
         <author>lee_xueting</author>
         <link>https://padlet.com/lee_xueting/16S20GROUP5/wish/104258564</link>
         <description><![CDATA[]]></description>
         <enclosure url="" />
         <pubDate>2016-04-04 05:52:46 UTC</pubDate>
         <guid>https://padlet.com/lee_xueting/16S20GROUP5/wish/104258564</guid>
      </item>
      <item>
         <title>Group name:</title>
         <author>lee_xueting</author>
         <link>https://padlet.com/lee_xueting/16S20GROUP5/wish/104258565</link>
         <description><![CDATA[<div>Please write out the names of the members in the group.<br>1.Iskandar<br>2.Anders<br>3.Isthifah<br>4.Khung Sen<br>5.Ken jun</div>]]></description>
         <enclosure url="" />
         <pubDate>2016-04-04 06:03:43 UTC</pubDate>
         <guid>https://padlet.com/lee_xueting/16S20GROUP5/wish/104258565</guid>
      </item>
      <item>
         <title>Topic: Demand, Supply &amp;amp; Market Equilibrium</title>
         <author>lee_xueting</author>
         <link>https://padlet.com/lee_xueting/16S20GROUP5/wish/104258566</link>
         <description><![CDATA[<div>Objective - Students will be able to identify and explain how the demand and supply factors affect the market for coffee beans.</div>]]></description>
         <enclosure url="" />
         <pubDate>2016-04-04 06:04:45 UTC</pubDate>
         <guid>https://padlet.com/lee_xueting/16S20GROUP5/wish/104258566</guid>
      </item>
      <item>
         <title>Welcome:)</title>
         <author>lee_xueting</author>
         <link>https://padlet.com/lee_xueting/16S20GROUP5/wish/104258567</link>
         <description><![CDATA[<div>Dear Students,</div><div><br></div><div>Welcome to Home-Based Learning 2016!</div><div><br>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)&nbsp; to answer the following essay question:<br><br><strong>a) With reference to the 2 news articles, explain the fall in prices of coffee beans in Brazil.</strong></div><div><br></div><div>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.&nbsp;<br><br>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 :)&nbsp;</div><div><br>Lastly, please identify these non-price determinants of demand &amp; supply by quoting the relevant phrases from the article.&nbsp;<br><br>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.&nbsp;</div><div><br>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.</div><div><br></div>]]></description>
         <enclosure url="" />
         <pubDate>2016-04-04 06:06:48 UTC</pubDate>
         <guid>https://padlet.com/lee_xueting/16S20GROUP5/wish/104258567</guid>
      </item>
      <item>
         <title>Introduction</title>
         <author>lee_xueting</author>
         <link>https://padlet.com/lee_xueting/16S20GROUP5/wish/104258568</link>
         <description><![CDATA[<div><strong>Explain market mechanism:<br>&nbsp;The market for coffee beans is determined by the forces of demand and supply<br>Define demand:<br>The amount of goods a consumer is able and willing to purchase at a given period of time and at various prices<br>Define supply:</strong><br><strong>The amount of goods a producer is able and willing to produce at a given period of time and at various prices</strong><br><br><br><br></div>]]></description>
         <enclosure url="" />
         <pubDate>2016-04-04 06:30:11 UTC</pubDate>
         <guid>https://padlet.com/lee_xueting/16S20GROUP5/wish/104258568</guid>
      </item>
      <item>
         <title>Body: State the initial equilibrium</title>
         <author>lee_xueting</author>
         <link>https://padlet.com/lee_xueting/16S20GROUP5/wish/104258569</link>
         <description><![CDATA[<div>The initial equilibrium is where the demand and the supply curve intersect each other, where quantity supplied is equal to the quantity demanded.</div>]]></description>
         <enclosure url="" />
         <pubDate>2016-04-04 06:31:44 UTC</pubDate>
         <guid>https://padlet.com/lee_xueting/16S20GROUP5/wish/104258569</guid>
      </item>
      <item>
         <title>Body: Identify and explain whether the factor/event shifts the demand or supply curve. (2 Demand + 1 Supply or 2 Supply + 1 Demand)</title>
         <author>lee_xueting</author>
         <link>https://padlet.com/lee_xueting/16S20GROUP5/wish/104258570</link>
         <description><![CDATA[<div>Supply factor: Destruction of crops , cost of production increases, profit for selling the coffee beans decreases. Supply of coffee bean decreases, causing the supply curve to shift to the left, ceteris paribus.<br>Demand factor:&nbsp; Rising markets in Asia and Europe , more consumers buying coffee beans , demand for coffee beans increase, causing demand curve to shift to the right , ceteris paribus.</div>]]></description>
         <enclosure url="" />
         <pubDate>2016-04-04 06:32:26 UTC</pubDate>
         <guid>https://padlet.com/lee_xueting/16S20GROUP5/wish/104258570</guid>
      </item>
      <item>
         <title>Body: Decide the direction and magnitude in which the curves shif</title>
         <author>lee_xueting</author>
         <link>https://padlet.com/lee_xueting/16S20GROUP5/wish/104258571</link>
         <description><![CDATA[<div>Supply shift to the left more than the demand shift to the left. since there is poor weather, supply and production of coffee beans would be reduced. demand for coffee beans is price elastic for middle class as it a normal good. the increase in price of coffee beans led to a more than proportionate decreasw in quantity demanded for coffee beans.</div>]]></description>
         <enclosure url="" />
         <pubDate>2016-04-04 06:34:27 UTC</pubDate>
         <guid>https://padlet.com/lee_xueting/16S20GROUP5/wish/104258571</guid>
      </item>
      <item>
         <title>Body: State the new (final) equilibrium</title>
         <author>lee_xueting</author>
         <link>https://padlet.com/lee_xueting/16S20GROUP5/wish/104258573</link>
         <description><![CDATA[<div>&nbsp;The price of the coffee bean would increase from p1 to p2. The quantity of coffee beans would decrease from q1 to q2. A new market equilibrium , e2 , is formed.</div>]]></description>
         <enclosure url="" />
         <pubDate>2016-04-04 06:38:13 UTC</pubDate>
         <guid>https://padlet.com/lee_xueting/16S20GROUP5/wish/104258573</guid>
      </item>
      <item>
         <title>Conclusion</title>
         <author>lee_xueting</author>
         <link>https://padlet.com/lee_xueting/16S20GROUP5/wish/104258574</link>
         <description><![CDATA[<div>The shift of the demand curve and the supply curve will reinforce each other to result in a fall in price.<br><br></div>]]></description>
         <enclosure url="" />
         <pubDate>2016-04-04 06:38:57 UTC</pubDate>
         <guid>https://padlet.com/lee_xueting/16S20GROUP5/wish/104258574</guid>
      </item>
      <item>
         <title>Chat Box</title>
         <author>lee_xueting</author>
         <link>https://padlet.com/lee_xueting/16S20GROUP5/wish/104258575</link>
         <description><![CDATA[<div>Ms Lee: Hi<br>Mr Chan: Do state your name before adding any comments</div>]]></description>
         <enclosure url="" />
         <pubDate>2016-04-04 06:39:46 UTC</pubDate>
         <guid>https://padlet.com/lee_xueting/16S20GROUP5/wish/104258575</guid>
      </item>
      <item>
         <title>hi guys</title>
         <author></author>
         <link>https://padlet.com/lee_xueting/16S20GROUP5/wish/106910096</link>
         <description><![CDATA[<div>shouldnt the body part be used for map </div>]]></description>
         <enclosure url="" />
         <pubDate>2016-04-21 02:26:38 UTC</pubDate>
         <guid>https://padlet.com/lee_xueting/16S20GROUP5/wish/106910096</guid>
      </item>
      <item>
         <title>MAP</title>
         <author></author>
         <link>https://padlet.com/lee_xueting/16S20GROUP5/wish/106912657</link>
         <description><![CDATA[<div>The&nbsp; supply curve shifts leftwards and the demand curve shifts leftwards as more people would want to purchase coffee .There would be an downward pressure on price to curb the surplusand reduce the quantity demanded for coffee beans. The quantity supplied will increase while the quantity demanded decreases until surplus has been completely eliminated.&nbsp;<br><br></div>]]></description>
         <enclosure url="" />
         <pubDate>2016-04-21 02:55:39 UTC</pubDate>
         <guid>https://padlet.com/lee_xueting/16S20GROUP5/wish/106912657</guid>
      </item>
      <item>
         <title>diagram</title>
         <author></author>
         <link>https://padlet.com/lee_xueting/16S20GROUP5/wish/106915073</link>
         <description><![CDATA[]]></description>
         <enclosure url="https://padletuploads.blob.core.windows.net/aws/110266149/2602dd7704ef21c79eea5b708fac6a18fe45e402/519dc52249fd79fc9a830d69e7e2d193.pptx" />
         <pubDate>2016-04-21 03:28:06 UTC</pubDate>
         <guid>https://padlet.com/lee_xueting/16S20GROUP5/wish/106915073</guid>
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