Coffee Bean Market - Arabica by XueTing Lee https://padlet.com/lee_xueting/16S21GROUP3 en-us 2016-04-06 00:35:10 UTC 2026-01-09 21:14:04 UTC hello@padlet.com News Article 1 lee_xueting https://padlet.com/lee_xueting/16S21GROUP3/wish/104258850 2016-04-04 05:48:50 UTC https://padlet.com/lee_xueting/16S21GROUP3/wish/104258850 News Article lee_xueting https://padlet.com/lee_xueting/16S21GROUP3/wish/104258851 2016-04-04 05:51:11 UTC https://padlet.com/lee_xueting/16S21GROUP3/wish/104258851 With reference to the 2 news articles,  explain the fall in prices of coffee beans in Brazil. lee_xueting https://padlet.com/lee_xueting/16S21GROUP3/wish/104258852 First, the traditional markets for their wares are saturated. Growth in Europe, America and Japan, which between them glug over half the world’s coffee, is flat. Second, in places like China, Indonesia and Brazil itself, where coffee is an affordable luxury for the middle class, the market is growing by around 5% a year. But these drinkers are filling their pots with cheaper robusta beans—what Kona Haque of Macquarie dubs the “emerging-market coffee”.]]> 2016-04-04 05:52:46 UTC https://padlet.com/lee_xueting/16S21GROUP3/wish/104258852 Group name: lee_xueting https://padlet.com/lee_xueting/16S21GROUP3/wish/104258853 Please write out the names of the members in the group.
1. Wan Ying
2. Deborah
3. Tiffany
4. Erny
5. Shi Ting

]]> 2016-04-04 06:03:43 UTC https://padlet.com/lee_xueting/16S21GROUP3/wish/104258853 Topic: Demand, Supply & Market Equilibrium lee_xueting https://padlet.com/lee_xueting/16S21GROUP3/wish/104258854 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/16S21GROUP3/wish/104258854 Welcome:) lee_xueting https://padlet.com/lee_xueting/16S21GROUP3/wish/104258855 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/16S21GROUP3/wish/104258855 Introduction lee_xueting https://padlet.com/lee_xueting/16S21GROUP3/wish/104258856 Explain market mechanism: 
Market mechanism means by which the forces of demand and supply determine the prices and quantities 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 places. 

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/16S21GROUP3/wish/104258856 Body: State the initial equilibrium lee_xueting https://padlet.com/lee_xueting/16S21GROUP3/wish/104258857 The oiriginal DD and SS curves are at DD1 and SS1 where equilibrium is at E1 and equilibrium price and quantity is at P1 and Q1]]> 2016-04-04 06:31:44 UTC https://padlet.com/lee_xueting/16S21GROUP3/wish/104258857 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/16S21GROUP3/wish/104258858 Good weather in Brazil means farmers are able to grow more beans which caused the supply of coffee beans to rise and thus supply curve shifts to the right, ceteris paribus.
Fall in price of related good. "Strong demand for entry-level coffee-40% of the world's coffee crop is now robusta beans" which are cheaper. Thus when there is fall in price of a substitute, the demand for coffee beans in brazil will fall as demand for robusta beans rise. This leads to a shift of the demand curve to the left, ceteris paribus.
 A fall in income due to the recession in Europe, "the recession in Europe has hit demand and squeezed profits for roasters."  leads to a fall in purchasing power assuming that coffee beans are normal goods thus a fall in income would lead to a fall in demand and leftward shift of the demand curve


]]> 2016-04-04 06:32:26 UTC https://padlet.com/lee_xueting/16S21GROUP3/wish/104258858 Body: Decide the direction and magnitude in which the curves shift lee_xueting https://padlet.com/lee_xueting/16S21GROUP3/wish/104258859 There is a leftward shift in DD from DD1 to DD2 and a rightward shift in SS1 to SS2 ]]> 2016-04-04 06:34:27 UTC https://padlet.com/lee_xueting/16S21GROUP3/wish/104258859 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/16S21GROUP3/wish/104258860 Note: Please draw the diagram manually, take a photo and upload it by clicking the "video icon". 

The original demand and supply curves are at D0 and S0 where equilibrium is at E0 and equilibrium price and quantity is at P0 and Q0 respectively. There is a leftward shift in demand from D0 to D1 and a rightward shift in supply from S0 to S1. At the original price P0, the quantity supplied is more than the quantity demanded. A surplus occurs causing a downward pressure on price. As price decreases the quantity demanded would rise and quantity supplied would fall until new equilibrium is met at E1.


]]> 2016-04-04 06:35:51 UTC https://padlet.com/lee_xueting/16S21GROUP3/wish/104258860 Body: State the new (final) equilibrium lee_xueting https://padlet.com/lee_xueting/16S21GROUP3/wish/104258861 The price and quantity will fall to meet a new equilibrium at E1]]> 2016-04-04 06:38:13 UTC https://padlet.com/lee_xueting/16S21GROUP3/wish/104258861 Conclusion lee_xueting https://padlet.com/lee_xueting/16S21GROUP3/wish/104258862 The concurrent fall in demand and increase in supply would reinforce each other to cause the equilibrium price to fall sharply. The effect on equilibrium quantity is indeterminate as it depends on the relative extent of changes in demand and supply. If the fall of demand>rise in supply, equilibrium quantity falls. Hence, the price of brazilian coffee falls as there are more factors causing demand to decrease. ]]> 2016-04-04 06:38:57 UTC https://padlet.com/lee_xueting/16S21GROUP3/wish/104258862 Chat Box lee_xueting https://padlet.com/lee_xueting/16S21GROUP3/wish/104258863 Mr Wong: Guys pls start filling in the various segments 

I don't see any writing guys]]> 2016-04-04 06:39:46 UTC https://padlet.com/lee_xueting/16S21GROUP3/wish/104258863 erny_daniella_putri_nizam_2016 https://padlet.com/lee_xueting/16S21GROUP3/wish/106908590 HI friends]]> 2016-04-21 02:07:32 UTC https://padlet.com/lee_xueting/16S21GROUP3/wish/106908590