Coffee Bean Market - Arabica by XueTing Lee https://padlet.com/lee_xueting/16S05GROUP1 en-us 2016-04-06 00:49:18 UTC 2025-11-14 06:09:35 UTC hello@padlet.com Chat Box lee_xueting https://padlet.com/lee_xueting/16S05GROUP1/wish/104260350 Mrs Ting: Hi all. To type you will need to click on the pencil symbol first. Read the article first before doing.
Is everyone present?
Please refer to your notes to help you. 
Please complete by this Sat 10am. Indicate your name here if you have done your part in contributing to the write-up.

All have contributed.]]> 2016-04-04 06:39:46 UTC https://padlet.com/lee_xueting/16S05GROUP1/wish/104260350 Conclusion lee_xueting https://padlet.com/lee_xueting/16S05GROUP1/wish/104260351 The equilibrium price falls as companies such as nestle and Kraft switch to blending cheaper robusta beans into their products to make it cheaper and thus there will be a greater surplus for arabia beans because brazilian and colombian farmers invested to boost production for more supply to combat the high prices in 2011 and very good weather in brazil, the arabia crop turned out too be too large resulting in a huge surplus and thus further depressing the prices of arabia beans.

Yashwanth
]]> 2016-04-04 06:38:57 UTC https://padlet.com/lee_xueting/16S05GROUP1/wish/104260351 Body: State the new (final) equilibrium lee_xueting https://padlet.com/lee_xueting/16S05GROUP1/wish/104260352 Hence, the final equilibrium of the arabica coffee beans is priced at $106 per kilogram of coffee beans according to both articles with a slight decrease in Arabica beans supplied.]]> 2016-04-04 06:38:13 UTC https://padlet.com/lee_xueting/16S05GROUP1/wish/104260352 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/16S05GROUP1/wish/104260353 At original price E, a slight fall in supply accompanied by a large fall in demand leads to a surplus with excess supply. By the market adjustment process, price is pushed downwards with downward pressure, As price falls, the quantity demanded increases while quantity supplied falls, the glut is gradually reduced as prices fall to P2.
Yu Le]]> 2016-04-04 06:35:51 UTC https://padlet.com/lee_xueting/16S05GROUP1/wish/104260353 Body: Decide the direction and magnitude in which the curves shift lee_xueting https://padlet.com/lee_xueting/16S05GROUP1/wish/104260354 The demand curve shifts to the left from D1 to D2 by a much greater extent than the leftward shift of the supply curve from S1 to S2.]]> 2016-04-04 06:34:27 UTC https://padlet.com/lee_xueting/16S05GROUP1/wish/104260354 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/16S05GROUP1/wish/104260355     Arabica coffee mainly from Brazil face competition from the cheaper robusta beans produced by Vietnam according to articles 1 and 2. The price of robusta beans, which is a substitute that satisfy similar needs or desires are much cheaper.

    Demand for Arabica coffee decreases, demand curves shifts to the left (D1 to D2), ceteris paribus.

    According to article 1, "Brazilian farmers invested heavily in new acreage and improved yields with better husbandry and more fertiliser." means there there is a slight increase in supply with changing technology.

    But article 1 also states that production costs are rising above coffee pricing. This is a much significant factor as it hinders the quantity of coffee supplied as the profit margin shrinks. Supply decreases.

    Supply falls, supply curve shifts to the left (S1 to S2), ceteris paribus. However the extent of the supply curve shift is less than that of the demand curve shift as other factors are influencing the increase supply of arabica beans namely the improving technology i.e. better husbandry and more fertiliser.

]]> 2016-04-04 06:32:26 UTC https://padlet.com/lee_xueting/16S05GROUP1/wish/104260355 Body: State the initial equilibrium lee_xueting https://padlet.com/lee_xueting/16S05GROUP1/wish/104260356 Initially, the arabica coffee bean market is at equilibrium, at the intersection of the demand (D1) and the supply curve (S1) at equilibrium point E where prices are approximately $212 per bag according to article 2.

]]> 2016-04-04 06:31:44 UTC https://padlet.com/lee_xueting/16S05GROUP1/wish/104260356 Introduction lee_xueting https://padlet.com/lee_xueting/16S05GROUP1/wish/104260357 Explain market mechanism:
The market mechanism works through the interaction of the market forces of demand and supply to determine the equilibrium price and output.

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/16S05GROUP1/wish/104260357 Welcome:) lee_xueting https://padlet.com/lee_xueting/16S05GROUP1/wish/104260358 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/16S05GROUP1/wish/104260358 Topic: Demand, Supply & Market Equilibrium lee_xueting https://padlet.com/lee_xueting/16S05GROUP1/wish/104260359 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/16S05GROUP1/wish/104260359 Group name: lee_xueting https://padlet.com/lee_xueting/16S05GROUP1/wish/104260360 Please write out the names of the members in the group.
1. Yashwanth
2. Shi En
3. Yu Jie
4. Yu Le
5. Timothy]]> 2016-04-04 06:03:43 UTC https://padlet.com/lee_xueting/16S05GROUP1/wish/104260360 With reference to the 2 news articles,  explain the fall in prices of coffee beans in Brazil. lee_xueting https://padlet.com/lee_xueting/16S05GROUP1/wish/104260361 2016-04-04 05:52:46 UTC https://padlet.com/lee_xueting/16S05GROUP1/wish/104260361 News Article lee_xueting https://padlet.com/lee_xueting/16S05GROUP1/wish/104260362 2016-04-04 05:51:11 UTC https://padlet.com/lee_xueting/16S05GROUP1/wish/104260362 News Article 1 lee_xueting https://padlet.com/lee_xueting/16S05GROUP1/wish/104260363 2016-04-04 05:48:50 UTC https://padlet.com/lee_xueting/16S05GROUP1/wish/104260363