Coffee Bean Market - Arabica by XueTing Lee https://padlet.com/lee_xueting/16S04GROUP4 en-us 2016-04-06 00:47:45 UTC 2025-11-24 12:27:17 UTC hello@padlet.com News Article 1 lee_xueting https://padlet.com/lee_xueting/16S04GROUP4/wish/104260221 2016-04-04 05:48:50 UTC https://padlet.com/lee_xueting/16S04GROUP4/wish/104260221 News Article lee_xueting https://padlet.com/lee_xueting/16S04GROUP4/wish/104260222 2016-04-04 05:51:11 UTC https://padlet.com/lee_xueting/16S04GROUP4/wish/104260222 With reference to the 2 news articles,  explain the fall in prices of coffee beans in Brazil. lee_xueting https://padlet.com/lee_xueting/16S04GROUP4/wish/104260223 2016-04-04 05:52:46 UTC https://padlet.com/lee_xueting/16S04GROUP4/wish/104260223 Group name: lee_xueting https://padlet.com/lee_xueting/16S04GROUP4/wish/104260224 Please write out the names of the members in the group.
1. Pamela 
2. Shi Zhan 
3. Frank
4. Jamarcus]]> 2016-04-04 06:03:43 UTC https://padlet.com/lee_xueting/16S04GROUP4/wish/104260224 Topic: Demand, Supply & Market Equilibrium lee_xueting https://padlet.com/lee_xueting/16S04GROUP4/wish/104260225 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/16S04GROUP4/wish/104260225 Welcome:) lee_xueting https://padlet.com/lee_xueting/16S04GROUP4/wish/104260226 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/16S04GROUP4/wish/104260226 Introduction lee_xueting https://padlet.com/lee_xueting/16S04GROUP4/wish/104260227 Explain market mechanism:
Shi Zhan : Market mechanism refers 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:
Pam : 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:
Pam : 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/16S04GROUP4/wish/104260227 Body: State the initial equilibrium lee_xueting https://padlet.com/lee_xueting/16S04GROUP4/wish/104260228 Frank : The original equilibrium is at E1 where D1 and S1 intersect with price P1 and quantity supplied Q1. At the original price level P1, the new quantity supplied (Qs) exceeds the new quantity demanded (Qd). This creates a surplus.]]> 2016-04-04 06:31:44 UTC https://padlet.com/lee_xueting/16S04GROUP4/wish/104260228 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/16S04GROUP4/wish/104260229
Shi Zhan : Changing taste and preferences is a factor that shifts the demand curve for coffee. In developing countries like China, there is a preferential shift of demand for coffee beans, specifically Robusta coffee beans.This will lead to consumers to become more willing to purchase coffee at each possible prices.This will therefore lead to an increase in the demand for cars, ceteris paribus.This is shown by the rightward movement of the demand curve from D1 to D2.

One factor that causes the supply curve to shift is due to the weather and climate. In central-american coffee producing countries like El Savador, the finest coffee supply has been adversely impacted due to leaf rust, which reduce the finest coffee supply by 30%.This will lead to the coffee supply being reduced. This will result in the shift of the supply curve to the left.

Another factor that cause the supply to shift is due to the rise in production cost.  In 2011, there was a surge in coffee prices , which has led coffee manufacturers to increase production. However, due to the good weather in Brazil this year, there is a increase in coffee production which leads to a combined effect of oversupply, which has caused the supply curve to shift rightwards, resulting in the supply curve to shift rightwards from S1 to S2.

]]> 2016-04-04 06:32:26 UTC https://padlet.com/lee_xueting/16S04GROUP4/wish/104260229 Body: Decide the direction and magnitude in which the curves shift lee_xueting https://padlet.com/lee_xueting/16S04GROUP4/wish/104260230 Shi Zhan & Frank: Favorable change in taste and preferences outweighs the decrease in coffee demand due to leaf rust as the leaf rust only affects the high quality coffee. Hence, the demand curve would shift to the right.
The supply curve would also move to the right as the rising coffee production cost in Brazil, which is a major coffee manufacturer.
Overall, the supply curve will shift more to the right as compared to the demand curve as there is more favorable change in taste as compared to the increase in production cost.]]> 2016-04-04 06:34:27 UTC https://padlet.com/lee_xueting/16S04GROUP4/wish/104260230 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/16S04GROUP4/wish/104260231 Note: Please draw the diagram manually, take a photo and upload it by clicking the "video icon". 
Pam : ]]> 2016-04-04 06:35:51 UTC https://padlet.com/lee_xueting/16S04GROUP4/wish/104260231 Body: State the new (final) equilibrium lee_xueting https://padlet.com/lee_xueting/16S04GROUP4/wish/104260232 Frank : The surplus thus exerts downward pressure on the prices of coffee beans. As coffee bean prices decreases, quantity demanded increases (by the law of demand), while quantity supplied decreases (by law of supply), and thus surplus is gradually reduced, until the new equilibrium E2 is reached in the market for coffee beans where quantity demanded equals quantity supplied, with a lower price P2 and higher quantity Q2.]]> 2016-04-04 06:38:13 UTC https://padlet.com/lee_xueting/16S04GROUP4/wish/104260232 Conclusion lee_xueting https://padlet.com/lee_xueting/16S04GROUP4/wish/104260233 Jamarcus: In conclusion, more coffee beans will be available at a lower price. Thus, with the new equilibrium, there will be more coffee beans supplied to meet the increased demand and hence, the new equilibrium is shifted to the right. ]]> 2016-04-04 06:38:57 UTC https://padlet.com/lee_xueting/16S04GROUP4/wish/104260233 Chat Box lee_xueting https://padlet.com/lee_xueting/16S04GROUP4/wish/104260234 Ms Lee: Hi]]> 2016-04-04 06:39:46 UTC https://padlet.com/lee_xueting/16S04GROUP4/wish/104260234