Coffee Bean Market - Arabica by XueTing Lee https://padlet.com/lee_xueting/16S18GROUP1 en-us 2016-04-06 00:28:01 UTC 2025-11-15 18:26:33 UTC hello@padlet.com News Article 1 lee_xueting https://padlet.com/lee_xueting/16S18GROUP1/wish/104258088 2016-04-04 05:48:50 UTC https://padlet.com/lee_xueting/16S18GROUP1/wish/104258088 News Article lee_xueting https://padlet.com/lee_xueting/16S18GROUP1/wish/104258089 2016-04-04 05:51:11 UTC https://padlet.com/lee_xueting/16S18GROUP1/wish/104258089 With reference to the 2 news articles,  explain the fall in prices of coffee beans in Brazil. lee_xueting https://padlet.com/lee_xueting/16S18GROUP1/wish/104258090 2016-04-04 05:52:46 UTC https://padlet.com/lee_xueting/16S18GROUP1/wish/104258090 Group name: lee_xueting https://padlet.com/lee_xueting/16S18GROUP1/wish/104258091 Please write out the names of the members in the group.
1. LinFeng
2. Kenneth
3. An Sheng
4. Elyse]]> 2016-04-04 06:03:43 UTC https://padlet.com/lee_xueting/16S18GROUP1/wish/104258091 Topic: Demand, Supply & Market Equilibrium lee_xueting https://padlet.com/lee_xueting/16S18GROUP1/wish/104258092 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/16S18GROUP1/wish/104258092 Welcome:) lee_xueting https://padlet.com/lee_xueting/16S18GROUP1/wish/104258093 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/16S18GROUP1/wish/104258093 Introduction lee_xueting https://padlet.com/lee_xueting/16S18GROUP1/wish/104258094 Explain market mechanism:  market mechanism is a term from economics referring to the use of money exchanged by buyers and sellers with an open and understood system of value and time trade-offs to produce the best distribution of goods and services.


Define demand: demand is the consumers' desire and willingness to pay a price for a specific good or service.


Define supply: supply is the total amount of a specific good or service that is available to consumers. 





]]> 2016-04-04 06:30:11 UTC https://padlet.com/lee_xueting/16S18GROUP1/wish/104258094 Body: State the initial equilibrium lee_xueting https://padlet.com/lee_xueting/16S18GROUP1/wish/104258095 At first price is at p1 and quantity is at q1. equilibrium is the point of intersection between demand and supply curve e1]]> 2016-04-04 06:31:44 UTC https://padlet.com/lee_xueting/16S18GROUP1/wish/104258095 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/16S18GROUP1/wish/104258096 Number of producers increase. production of coffee, and of cheaper robusta beans in particular, is booming,thus increasing demand for cheaper coffee beans as suggested by "drinkers are filling their pots with cheaper robusta beans-what Kona Haque of Macquarie dubs the "emerging-market coffee". Vietnam has gone from growing almost nothing a decade ago to producing 25m bags of robusta beans a year today. this results in increase in supply. weather also plays a part. the good weather increases the haul of farmers there is increase in supply of coffee beans. shifting the supply curve to the right

a change in taste and preference of consumers lead to a rise in demand for robusta coffee beans and fall in demand for arabica coffee beans. " The reason is that production of coffee, and of cheaper robusta beans in particular, is booming." thus as more people turn to robusta beans, it causes a leftwards shift of demand curve

recessions in europe caused the income of the people to decrease, turning to cheaper alternatives like the robusta beans thus demand curve shifts to the left.


]]> 2016-04-04 06:32:26 UTC https://padlet.com/lee_xueting/16S18GROUP1/wish/104258096 Body: Decide the direction and magnitude in which the curves shift lee_xueting https://padlet.com/lee_xueting/16S18GROUP1/wish/104258097 supply curve shifts to the right
demand curve shifts to the right by smaller extent]]> 2016-04-04 06:34:27 UTC https://padlet.com/lee_xueting/16S18GROUP1/wish/104258097 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/16S18GROUP1/wish/104258098 quantity demanded increase while quantity supplied decrease. this puts downward pressure on the price. 
*D1 and D2 switch labelling]]> 2016-04-04 06:35:51 UTC https://padlet.com/lee_xueting/16S18GROUP1/wish/104258098 Body: State the new (final) equilibrium lee_xueting https://padlet.com/lee_xueting/16S18GROUP1/wish/104258099 at new equilibrium e2, overall quantity increase and overall price decrease ]]> 2016-04-04 06:38:13 UTC https://padlet.com/lee_xueting/16S18GROUP1/wish/104258099 Conclusion lee_xueting https://padlet.com/lee_xueting/16S18GROUP1/wish/104258100 2016-04-04 06:38:57 UTC https://padlet.com/lee_xueting/16S18GROUP1/wish/104258100 Chat Box lee_xueting https://padlet.com/lee_xueting/16S18GROUP1/wish/104258101 Elyse: viewed 
An Sheng: hihihihihihihihi
kenneth: hihiihihihi
linfeng: can we do it in point form?
ansheng : eh l;infeng do the rest leh
linfeng: .....                                           
                                                

]]> 2016-04-04 06:39:46 UTC https://padlet.com/lee_xueting/16S18GROUP1/wish/104258101