Coffee Bean Market - Arabica by XueTing Lee https://padlet.com/lee_xueting/16A05GROUP2 en-us 2016-04-06 00:15:10 UTC 2025-10-22 20:47:51 UTC hello@padlet.com Chat Box lee_xueting https://padlet.com/lee_xueting/16A05GROUP2/wish/104256750 Mrs Ting: Hope the group can keep it going. :)]]> 2016-04-04 06:39:46 UTC https://padlet.com/lee_xueting/16A05GROUP2/wish/104256750 Conclusion lee_xueting https://padlet.com/lee_xueting/16A05GROUP2/wish/104256751 in conclusion, the supply will decrease more than that of demand as due to the two supply factors of the the increase on the cost of production and strikes by the producers.  The supply curve will fall to the left significantly more than the demand curve shifting to the right. Due to the demand and supply market forces, this would result to a fall in price and a slight decrease in quantity demanded, the new equilibrium. ]]> 2016-04-04 06:38:57 UTC https://padlet.com/lee_xueting/16A05GROUP2/wish/104256751 Body: State the new (final) equilibrium lee_xueting https://padlet.com/lee_xueting/16A05GROUP2/wish/104256752 the initial equilibrium is at point A when price is at P1 and quantity demanded is at Q1. However, since supply has decreased from S1 to S2 and demand has increased from D1 to D2, due to the market forces of demand and supply, the new equilibrium is at point B, with prices increasing to P2 and demand falling to Q2.]]> 2016-04-04 06:38:13 UTC https://padlet.com/lee_xueting/16A05GROUP2/wish/104256752 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/16A05GROUP2/wish/104256753 Note: Please draw the diagram manually, take a photo and upload it by clicking the "video icon". ]]> 2016-04-04 06:35:51 UTC https://padlet.com/lee_xueting/16A05GROUP2/wish/104256753 Body: Decide the direction and magnitude in which the curves shift lee_xueting https://padlet.com/lee_xueting/16A05GROUP2/wish/104256754 Supply: Considering an increase in the cost of production of the coffee beans as it is "overpriced", it is safe to say that the overall price of the coffee beans itself will increase as well, ceteris paribus. As a result, the supply curve will shift to the right.

Demand: When there is a recession, income will drop, which in turn affects a consumer's purchasing power. Therefore, the quantity demanded will decrease, causing the demand curve to shift to the left, ceteris paribus. ]]> 2016-04-04 06:34:27 UTC https://padlet.com/lee_xueting/16A05GROUP2/wish/104256754 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/16A05GROUP2/wish/104256755 Supply: The increase in the cost of production would mean that the price of which the coffee was made, is more expensive and thus as such, it would be sold at a higher price. Thus as such, the increase price of the coffee beans would cause the supply curve to shift to the right. 

Demand: Strikes done by the producers of coffee beans meant that they would be reluctant to produce more coffee beans. Thus, this means that the quantity supplied of the coffee beans would decrease, causing supply curve to shift to the left. 

Demand: The prices of robusta beans decrease due to finding a cheaper alternative for it. This resulted in quantity demanded to increase, causing demand curve to shift to the right. 


]]> 2016-04-04 06:32:26 UTC https://padlet.com/lee_xueting/16A05GROUP2/wish/104256755 Body: State the initial equilibrium lee_xueting https://padlet.com/lee_xueting/16A05GROUP2/wish/104256756 When the supply of the coffee beans that the producers are willing to sell corresponds with the coffee beans the consumers are willing and able to buy, then the market is in equilibrium. ]]> 2016-04-04 06:31:44 UTC https://padlet.com/lee_xueting/16A05GROUP2/wish/104256756 Introduction lee_xueting https://padlet.com/lee_xueting/16A05GROUP2/wish/104256757 Explain market mechanism:

Market mechanism is the use of money exchanged by buyers and sellers with an open system of value and time trade-offs to produce the best distribution of goods and services.

Define demand:

Demand describes a consumer's desire and willingness to pay for a specific good or service. The price of a good or service increases as its quantity demanded increases, ceteris paribus.

Define supply:

Supply is the amount of something that firms, consumers, laborers or other economic agents who are willing to provide to the market.

]]> 2016-04-04 06:30:11 UTC https://padlet.com/lee_xueting/16A05GROUP2/wish/104256757 Welcome:) lee_xueting https://padlet.com/lee_xueting/16A05GROUP2/wish/104256758 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/16A05GROUP2/wish/104256758 Topic: Demand, Supply & Market Equilibrium lee_xueting https://padlet.com/lee_xueting/16A05GROUP2/wish/104256759 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/16A05GROUP2/wish/104256759 Group name: lee_xueting https://padlet.com/lee_xueting/16A05GROUP2/wish/104256760 Please write out the names of the members in the group.
1. Natasha Ileana
2. Mika Tan
3. Nadiah Gonzaga
4. Chia Wen Xuan 

]]> 2016-04-04 06:03:43 UTC https://padlet.com/lee_xueting/16A05GROUP2/wish/104256760 With reference to the 2 news articles,  explain the fall in prices of coffee beans in Brazil. lee_xueting https://padlet.com/lee_xueting/16A05GROUP2/wish/104256761 2016-04-04 05:52:46 UTC https://padlet.com/lee_xueting/16A05GROUP2/wish/104256761 News Article lee_xueting https://padlet.com/lee_xueting/16A05GROUP2/wish/104256762 2016-04-04 05:51:11 UTC https://padlet.com/lee_xueting/16A05GROUP2/wish/104256762 News Article 1 lee_xueting https://padlet.com/lee_xueting/16A05GROUP2/wish/104256763 2016-04-04 05:48:50 UTC https://padlet.com/lee_xueting/16A05GROUP2/wish/104256763