Coffee Bean Market - Arabica by XueTing Lee https://padlet.com/lee_xueting/16S15GROUP3 en-us 2016-04-06 00:23:55 UTC 2025-09-28 16:36:28 UTC hello@padlet.com Chat Box lee_xueting https://padlet.com/lee_xueting/16S15GROUP3/wish/104257620 Ms Lee: Hi]]> 2016-04-04 06:39:46 UTC https://padlet.com/lee_xueting/16S15GROUP3/wish/104257620 Conclusion lee_xueting https://padlet.com/lee_xueting/16S15GROUP3/wish/104257621 In conclusion, there is a increase in supply in Vietnam, good weather in Brazil and a change in preference for robusta coffee beans which lead to a fall in demand and increase in supply will reinforce a fall in the price of the good but the new equilibrium is indeterminate. ]]> 2016-04-04 06:38:57 UTC https://padlet.com/lee_xueting/16S15GROUP3/wish/104257621 Body: State the new (final) equilibrium lee_xueting https://padlet.com/lee_xueting/16S15GROUP3/wish/104257622 The final is at equilibrium is at E2 with quantity at Q2 and price at P2]]> 2016-04-04 06:38:13 UTC https://padlet.com/lee_xueting/16S15GROUP3/wish/104257622 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/16S15GROUP3/wish/104257623 At the original price level P1, quantity supplied now exceeds the quantity demanded, creating a surplus. Price is thus pushed downwards as producers want to reduce the quantity of arabica beans. As prices decreases, quantity demanded rises, while quantity supplied falls. The surplus is gradually reduced as prices reach P2.]]> 2016-04-04 06:35:51 UTC https://padlet.com/lee_xueting/16S15GROUP3/wish/104257623 Body: Decide the direction and magnitude in which the curves shift lee_xueting https://padlet.com/lee_xueting/16S15GROUP3/wish/104257624 The supply curve will shift to the right and the demand curve will shift to left.
The magnitude of the shift of supply curve will be greater than the shift of demand curve.]]> 2016-04-04 06:34:27 UTC https://padlet.com/lee_xueting/16S15GROUP3/wish/104257624 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/16S15GROUP3/wish/104257625 Prices for robusta beans decreases due to a large production of it in different countries such as vietnam. Hence, when consumers switch from arabica coffee beans to robusta coffee beans, the demand curve for arabica coffee beans shifts leftwards as robusta coffee beans and arabica coffee beans are close substitutes. hence, demand curve shifts to the left, from D1 to D2 ceteris paribus.

The good weather in Brazil has caused the crops to be grown easily, in the given periodof time. Hence, marginal cost of production for acabica beans decreases, producers are more able to supply acabica beans. hence, quantity supplied at every price increases, supply curve shifts to the right, ceteris paribus.

The supply of coffee beans has greatly increased due to coffee bean industry in Vietnam. It goes from almost nothing a decade ago to producing 25m bags today. As such due to the increased amount of sellers, there is a surplus in coffee beans and hence the price decreases.

]]> 2016-04-04 06:32:26 UTC https://padlet.com/lee_xueting/16S15GROUP3/wish/104257625 Body: State the initial equilibrium lee_xueting https://padlet.com/lee_xueting/16S15GROUP3/wish/104257626 The initial equilibrium is at E1 with price at P1 and quantity at Q1]]> 2016-04-04 06:31:44 UTC https://padlet.com/lee_xueting/16S15GROUP3/wish/104257626 Introduction lee_xueting https://padlet.com/lee_xueting/16S15GROUP3/wish/104257627 Explain market mechanism: The use of money exchanged by buyers and sellers with an open and understood system of value and time trade-off to produce the best distribution of goods and services.


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



Define supply: Supply is defined as 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/16S15GROUP3/wish/104257627 Welcome:) lee_xueting https://padlet.com/lee_xueting/16S15GROUP3/wish/104257628 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/16S15GROUP3/wish/104257628 Topic: Demand, Supply & Market Equilibrium lee_xueting https://padlet.com/lee_xueting/16S15GROUP3/wish/104257629 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/16S15GROUP3/wish/104257629 Group name: lee_xueting https://padlet.com/lee_xueting/16S15GROUP3/wish/104257630 Please write out the names of the members in the group.
1. Wen Xu
2. Cheng Yu
3. Wen Hui
4. Jun Jie
5.]]> 2016-04-04 06:03:43 UTC https://padlet.com/lee_xueting/16S15GROUP3/wish/104257630 With reference to the 2 news articles,  explain the fall in prices of coffee beans in Brazil. lee_xueting https://padlet.com/lee_xueting/16S15GROUP3/wish/104257631 As taste and preferences of consumers around the world change, demand for arabica beans decreases. For example, big food companies such as Nestlé and Kraft turn to cheaper alternatives such as the robusta beans in their production. Yet at the same time, there is good weather in Brazil which means that the year's crop has turned out to be unexpectedly large. This results in an oversupply of arabica beans and a low demand. Hence, to overcome surplus, producers of arabica beans decrease prices of beans to ensure that demand and supply is back to equilibrium.]]> 2016-04-04 05:52:46 UTC https://padlet.com/lee_xueting/16S15GROUP3/wish/104257631 News Article lee_xueting https://padlet.com/lee_xueting/16S15GROUP3/wish/104257632 2016-04-04 05:51:11 UTC https://padlet.com/lee_xueting/16S15GROUP3/wish/104257632 News Article 1 lee_xueting https://padlet.com/lee_xueting/16S15GROUP3/wish/104257633 2016-04-04 05:48:50 UTC https://padlet.com/lee_xueting/16S15GROUP3/wish/104257633