Coffee Bean Market - Arabica by XueTing Lee https://padlet.com/lee_xueting/16S05GROUP4 en-us 2016-04-06 00:49:22 UTC 2025-10-24 00:51:27 UTC hello@padlet.com Chat Box lee_xueting https://padlet.com/lee_xueting/16S05GROUP4/wish/104260394 Mrs Ting: Click on the pencil symbol first before you can start writing. Is everyone present?
Yes will  need to read the articles first. Work as a team to complete it Each can take a part, and then the rest can read through and help each other to improve. Please read your notes too.
Please complete the group work by Sat 10am
Please indicate your name here if you have contributed to the write-up]]> 2016-04-04 06:39:46 UTC https://padlet.com/lee_xueting/16S05GROUP4/wish/104260394 Conclusion lee_xueting https://padlet.com/lee_xueting/16S05GROUP4/wish/104260395 The equilibrium price fell as companies like Nestle and Kraft are blending in cheaper robusta coffee beans into their products which results in a lower demand for arabica coffee beans. Also their invested in technology to increase supply for arabica coffee beans because of the high prices in 2011, which results in a surplus and causing the further depressing of the price of arabica coffee beans.]]> 2016-04-04 06:38:57 UTC https://padlet.com/lee_xueting/16S05GROUP4/wish/104260395 Body: State the new (final) equilibrium lee_xueting https://padlet.com/lee_xueting/16S05GROUP4/wish/104260396 The final equilibrium of arabica is when the price is at $106 per kilogram, with a decrease in demand and supply of arabica coffee beans.]]> 2016-04-04 06:38:13 UTC https://padlet.com/lee_xueting/16S05GROUP4/wish/104260396 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/16S05GROUP4/wish/104260397 First,  the demand for arabica coffee beans falls, causing a surplus of arabica coffee beans. Can be seen in the demand curve shifting form D1 to D2.  Due to the market adjustment process, to not have any surplus of quantity, the supply of the arabica coffee bean falls causing a shift supply curve to shift from S1 to S2 and hence forms the new equilibrium price  and quantity ]]> 2016-04-04 06:35:51 UTC https://padlet.com/lee_xueting/16S05GROUP4/wish/104260397 Body: Decide the direction and magnitude in which the curves shift lee_xueting https://padlet.com/lee_xueting/16S05GROUP4/wish/104260398 The Demand curve of shifts to the left with a greater extent than the supply curve shifting to the left.]]> 2016-04-04 06:34:27 UTC https://padlet.com/lee_xueting/16S05GROUP4/wish/104260398 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/16S05GROUP4/wish/104260399 The cheaper substitute of arabica coffee beans the robusta beans grew in demand. This causes a leftward shift of the demand curve of the arabica coffee beans, ceteris paribus.

]]> 2016-04-04 06:32:26 UTC https://padlet.com/lee_xueting/16S05GROUP4/wish/104260399 Body: State the initial equilibrium lee_xueting https://padlet.com/lee_xueting/16S05GROUP4/wish/104260400 Initial equilibrium is the point where the demand curve intersects with the supply curve. This point is called the equilibrium point.]]> 2016-04-04 06:31:44 UTC https://padlet.com/lee_xueting/16S05GROUP4/wish/104260400 Introduction lee_xueting https://padlet.com/lee_xueting/16S05GROUP4/wish/104260401 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  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 give period of time at various places.]]> 2016-04-04 06:30:11 UTC https://padlet.com/lee_xueting/16S05GROUP4/wish/104260401 Welcome:) lee_xueting https://padlet.com/lee_xueting/16S05GROUP4/wish/104260402 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/16S05GROUP4/wish/104260402 Topic: Demand, Supply & Market Equilibrium lee_xueting https://padlet.com/lee_xueting/16S05GROUP4/wish/104260403 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/16S05GROUP4/wish/104260403 Group name: lee_xueting https://padlet.com/lee_xueting/16S05GROUP4/wish/104260404 Please write out the names of the members in the group.
1.Dion 
2.Sin hai
3.Yuan Chen
4.Tze hao
5.]]> 2016-04-04 06:03:43 UTC https://padlet.com/lee_xueting/16S05GROUP4/wish/104260404 With reference to the 2 news articles,  explain the fall in prices of coffee beans in Brazil. lee_xueting https://padlet.com/lee_xueting/16S05GROUP4/wish/104260405 Brazil provides mostly arabica coffee beans, as the demand for robusta coffee beans increases, the price of arabica coffee beans fall as robusta coffee beans is a substitute. Thus the fall in prices of coffee beans in Brazil.]]> 2016-04-04 05:52:46 UTC https://padlet.com/lee_xueting/16S05GROUP4/wish/104260405 News Article lee_xueting https://padlet.com/lee_xueting/16S05GROUP4/wish/104260406 2016-04-04 05:51:11 UTC https://padlet.com/lee_xueting/16S05GROUP4/wish/104260406 News Article 1 lee_xueting https://padlet.com/lee_xueting/16S05GROUP4/wish/104260407 2016-04-04 05:48:50 UTC https://padlet.com/lee_xueting/16S05GROUP4/wish/104260407