Coffee Bean Market - Arabica by XueTing Lee https://padlet.com/lee_xueting/16S13GROUP4 en-us 2016-04-06 02:43:44 UTC 2025-10-22 20:59:21 UTC hello@padlet.com Chat Box lee_xueting https://padlet.com/lee_xueting/16S13GROUP4/wish/104270919 Mr Wong: pls start filling in the segments after u have read the articles
Someone can do the assigning of work to each person


]]> 2016-04-04 06:39:46 UTC https://padlet.com/lee_xueting/16S13GROUP4/wish/104270919 Conclusion lee_xueting https://padlet.com/lee_xueting/16S13GROUP4/wish/104270920 The concurrent fall in demand and increase in supply would reinforce each other to  cause a sharper fall in equilibrium price. However, the effect on equilibrium quantity is indeterminate as it depends on the relative extent of changes in demand and supply. If the fall in demand is greater than the increase in supply, equilibrium quantity will fall. On the other hand, if the fall in demand is smaller than the increase in supply, equilibrium quantity will rise.]]> 2016-04-04 06:38:57 UTC https://padlet.com/lee_xueting/16S13GROUP4/wish/104270920 Body: State the new (final) equilibrium lee_xueting https://padlet.com/lee_xueting/16S13GROUP4/wish/104270921 Initial equilibrium,E1is at the intersection of Q1 and P1. Supply curve shifts to the right from S1 to S2 and demand curve shifts to the left from D1 to D2. The supply curve has a greater shift than the demand curve. Hence, there is  surplus and this exerts a downward pressure on the curve, which forms a new equilibrium at E2 which is at the intersection of P2 and Q2. Hence,  equilibrium quantity has increased from Q1 to Q2,  while equilibrium price has  fallen from P1 to P2.]]> 2016-04-04 06:38:13 UTC https://padlet.com/lee_xueting/16S13GROUP4/wish/104270921 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/16S13GROUP4/wish/104270922 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/16S13GROUP4/wish/104270922 Body: Decide the direction and magnitude in which the curves shift lee_xueting https://padlet.com/lee_xueting/16S13GROUP4/wish/104270923 Supply curve shifts to the right and demand curve shifts to the left. Magnitude of increase in supply exceeds magnitude of decrease in demand. ]]> 2016-04-04 06:34:27 UTC https://padlet.com/lee_xueting/16S13GROUP4/wish/104270923 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/16S13GROUP4/wish/104270924 There is a fall in demand due to consumers switching away to cheaper alternatives like robusta beans in Vietnam. Hence, demand curve shifts to the right. 

There is a rise in supply due to high investment in factors of production of coffee beans and high response received by consumers 2 years ago (2011). Hence supply curve shifts to the right. 

However, supply curve shifts greater than demand curve shift. This is because supply increase is greater than demand decrease. This is due to the oversupply in beans due to excessive production of factor of input and the fact that most of Brazillian crops are comprised of coffee beans. Hoever demand decreases by a smaller proportion as coffee is still a great necessity to consumers so they could switch away to robusta beans, but not by a large proportion.]]> 2016-04-04 06:32:26 UTC https://padlet.com/lee_xueting/16S13GROUP4/wish/104270924 Body: State the initial equilibrium lee_xueting https://padlet.com/lee_xueting/16S13GROUP4/wish/104270925 Initially , the coffee bean market is in equilibrium at the intersection of demand (D) and  Supply (S) at equlibrium point (E1)]]> 2016-04-04 06:31:44 UTC https://padlet.com/lee_xueting/16S13GROUP4/wish/104270925 Introduction lee_xueting https://padlet.com/lee_xueting/16S13GROUP4/wish/104270926 Explain market mechanism:

 Ways demand and supply causes changes in the price and quantity of the goods sold in the market

Define demand:

The amount of a good that consumers are able and willing to purchase in a given period of time at various prices

Define supply:

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/16S13GROUP4/wish/104270926 Welcome:) lee_xueting https://padlet.com/lee_xueting/16S13GROUP4/wish/104270927 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/16S13GROUP4/wish/104270927 Topic: Demand, Supply & Market Equilibrium lee_xueting https://padlet.com/lee_xueting/16S13GROUP4/wish/104270928 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/16S13GROUP4/wish/104270928 Group name: lee_xueting https://padlet.com/lee_xueting/16S13GROUP4/wish/104270929 Please write out the names of the members in the group.
1.Farhanah
2.Malavica
3.Khairul (First 2 body)
4.Sandhya
5.]]> 2016-04-04 06:03:43 UTC https://padlet.com/lee_xueting/16S13GROUP4/wish/104270929 With reference to the 2 news articles,  explain the fall in prices of coffee beans in Brazil. lee_xueting https://padlet.com/lee_xueting/16S13GROUP4/wish/104270930 1. Demand: The demand of coffee is falling due to  cheaper robusta beans of Vietnam booming. This causes consumers to switch away from Brazil beans to robusta beans. This can be seen in 'But these drinkers are filling their pots with cheaper robusta beans-what Kona Haque of Macquarie dubs the "emerging-market coffee''. Hence, due to a decrease in demand for coffee beans, there was a fall in price of coffee beans, ceteris paribus. 

 2. Supply: Supply of coffee is rising due to rising cost of production as stated in 'In response to the high prices of 2011 Brazilian farmers invested heavily in new acreage and improved yields with better husbandry and more fertiliser. Hence, since there is greater investment in factor of production, there is greater supply of coffee beans, hence resulting in a fall in price, ceteris paribus.

2. Supply: Supply of coffee increases as due to the great response received by consumers in 2011. This can be seen in 'Many Brazilian and Colombian farmers invested to boost production of arabica in response to the high prices of 2011, which has added to the oversupply and further depressed prices', Hence due to an increase in supply and oversupply, this resulted in a fall in price of coffee beans, ceteris paribus]]> 2016-04-04 05:52:46 UTC https://padlet.com/lee_xueting/16S13GROUP4/wish/104270930 News Article 2 lee_xueting https://padlet.com/lee_xueting/16S13GROUP4/wish/104270931 2016-04-04 05:51:11 UTC https://padlet.com/lee_xueting/16S13GROUP4/wish/104270931 News Article 1 lee_xueting https://padlet.com/lee_xueting/16S13GROUP4/wish/104270932 2016-04-04 05:48:50 UTC https://padlet.com/lee_xueting/16S13GROUP4/wish/104270932