Coffee Bean Market - Arabica by XueTing Lee https://padlet.com/lee_xueting/16A03GROUP2 en-us 2016-04-06 00:10:06 UTC 2023-03-04 04:09:40 UTC hello@padlet.com Chat Box lee_xueting https://padlet.com/lee_xueting/16A03GROUP2/wish/104256214 hi there everyone]]> 2016-04-04 06:39:46 UTC https://padlet.com/lee_xueting/16A03GROUP2/wish/104256214 Conclusion lee_xueting https://padlet.com/lee_xueting/16A03GROUP2/wish/104256215 The other scenarios are when the supply curve move more than the demand curve.When this happens, a shortage occurs, thus causing a downward stress on the price.Hence, more people would turn to buy the robusta beans.
The other scenario is when both curves shift equally.when this happens,the price changes, whilst the quantity remains the same.

]]> 2016-04-04 06:38:57 UTC https://padlet.com/lee_xueting/16A03GROUP2/wish/104256215 Body: State the new (final) equilibrium lee_xueting https://padlet.com/lee_xueting/16A03GROUP2/wish/104256216 Due to the shifting of the supply curve from s1 to s2 and the shifting of the demand curve from d1 to d2, a massive surplus will be created seen at QsQd. This will cause unseen market forces to push prices down, causing more demand and lower supply, clearing the surplus of the beans. Thus, the beans will now reach a new, much lower  equilibrium price at P2 and new, lower quantity at Q2  ]]> 2016-04-04 06:38:13 UTC https://padlet.com/lee_xueting/16A03GROUP2/wish/104256216 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/16A03GROUP2/wish/104256217 Due to the decreasing demand, the  demand curve shifts from d1 to d2. The increasing supply causes the supply curve to shift from s1 to s2.However, the demand curve shifts more than the supply curve.Firstly, this is because, the availability of substitutes which is the Arabica beans causes a cheaper alternative for the coffee drinkers thus, making the demand curve more elastic.however, excluding the cases of coffee drinkers who solely prefer Arabica coffee, thus making the demand curve inelastic.

T]]> 2016-04-04 06:35:51 UTC https://padlet.com/lee_xueting/16A03GROUP2/wish/104256217 Body: Decide the direction and magnitude in which the curves shift lee_xueting https://padlet.com/lee_xueting/16A03GROUP2/wish/104256218 THE DEMAND CURVE SHIFTS TO THE LEFT FROM D1 TO D2 AS DEMAND FOR ARABICA COFFEE BEAN decreases WHEREAS THE SUPPLY CURVE SHIFTS FROM S1 TO S2 TO THE RIGHT AS THE SUPPLY OF ARABICA COFFEE BEAN INCREASES CETERIS PARIBUS]]> 2016-04-04 06:34:27 UTC https://padlet.com/lee_xueting/16A03GROUP2/wish/104256218 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/16A03GROUP2/wish/104256219 The cheaper price of robusta coffee beans has led to the preference of robusta coffee beans by coffee roasters.This leads to an increase in the demand of robusta coffee beans and thus leads to rightward shift in the demand curve.The increase of demand of substitutes which are robusta coffee beans causes the demand of acacia beans to decrease and hence a leftward shift in the demand curve of acacia coffee beans. The low price of acacia coffee beans might drive some coffee farmers out of business and decrease the supply of acacia coffee beans leading to a leftward shift in the supply curve.]]> 2016-04-04 06:32:26 UTC https://padlet.com/lee_xueting/16A03GROUP2/wish/104256219 Body: State the initial equilibrium lee_xueting https://padlet.com/lee_xueting/16A03GROUP2/wish/104256220 Initially, the equilibrium price of Arabica beans is high due to the strong demand for coffee, The high demand will lead to a shortage  of coffee beans as suppliers cannot keep up with the high demand.  This will cause the market forces to push prices up to a new, higher price equilibrium to clear the shortage assuming ceteris paribus.]]> 2016-04-04 06:31:44 UTC https://padlet.com/lee_xueting/16A03GROUP2/wish/104256220 Introduction lee_xueting https://padlet.com/lee_xueting/16A03GROUP2/wish/104256221 Explain market mechanism: Market Mechanism is the unseen force that applies pressure to the market price (either pushing it up or down) so that the price of a particular good reaches the equilibrium price 


Define demand: Demand is the amount of good the consumers are willing and able to buy in a fixed amount of time


Define supply: Supply is defined as the amount of goods producers are willing and able to produce in a fixed amount of time




]]> 2016-04-04 06:30:11 UTC https://padlet.com/lee_xueting/16A03GROUP2/wish/104256221 Welcome:) lee_xueting https://padlet.com/lee_xueting/16A03GROUP2/wish/104256222 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/16A03GROUP2/wish/104256222 Topic: Demand, Supply & Market Equilibrium lee_xueting https://padlet.com/lee_xueting/16A03GROUP2/wish/104256223 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/16A03GROUP2/wish/104256223 Group name: lee_xueting https://padlet.com/lee_xueting/16A03GROUP2/wish/104256224 Please write out the names of the members in the group.
1. Hashim
2.Brendan
3.Caleb
4.Jerrod
5. HI THERE]]> 2016-04-04 06:03:43 UTC https://padlet.com/lee_xueting/16A03GROUP2/wish/104256224 With reference to the 2 news articles,  explain the fall in prices of coffee beans in Brazil. lee_xueting https://padlet.com/lee_xueting/16A03GROUP2/wish/104256225 2016-04-04 05:52:46 UTC https://padlet.com/lee_xueting/16A03GROUP2/wish/104256225 News Article lee_xueting https://padlet.com/lee_xueting/16A03GROUP2/wish/104256226 2016-04-04 05:51:11 UTC https://padlet.com/lee_xueting/16A03GROUP2/wish/104256226 News Article 1 lee_xueting https://padlet.com/lee_xueting/16A03GROUP2/wish/104256227 2016-04-04 05:48:50 UTC https://padlet.com/lee_xueting/16A03GROUP2/wish/104256227