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      <title>Coffee Bean Market - Arabica by XueTing Lee</title>
      <link>https://padlet.com/lee_xueting/16S22GROUP1</link>
      <description></description>
      <language>en-us</language>
      <pubDate>2016-04-06 00:37:04 UTC</pubDate>
      <lastBuildDate>2025-05-06 21:25:19 UTC</lastBuildDate>
      <webMaster>hello@padlet.com</webMaster>
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      <item>
         <title>Chat Box</title>
         <author>lee_xueting</author>
         <link>https://padlet.com/lee_xueting/16S22GROUP1/wish/104259064</link>
         <description><![CDATA[<div>Ms Lee: Hi<br>Mr Wong: Guys, you can start filling in the different segments<br><br></div>]]></description>
         <enclosure url="" />
         <pubDate>2016-04-04 06:39:46 UTC</pubDate>
         <guid>https://padlet.com/lee_xueting/16S22GROUP1/wish/104259064</guid>
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      <item>
         <title>Conclusion</title>
         <author>lee_xueting</author>
         <link>https://padlet.com/lee_xueting/16S22GROUP1/wish/104259065</link>
         <description><![CDATA[<div>The concurrent fall in demand and increase in supply would reinforce each other to cause a sharper fall in equilibrium price.<br>However, the effect on equilibrium quantity is indeterminate as it depends on the relative extent of changes in demand and supply.<br>Hence, if there is a greater fall in demand than the increase in supply, equilibrium quantity will fall.</div>]]></description>
         <enclosure url="" />
         <pubDate>2016-04-04 06:38:57 UTC</pubDate>
         <guid>https://padlet.com/lee_xueting/16S22GROUP1/wish/104259065</guid>
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      <item>
         <title>Body: State the new (final) equilibrium</title>
         <author>lee_xueting</author>
         <link>https://padlet.com/lee_xueting/16S22GROUP1/wish/104259066</link>
         <description><![CDATA[<div>As price decreases, the quantity demanded would rise and quantity supplied would fall until the new equilibrium is met at E1.</div>]]></description>
         <enclosure url="" />
         <pubDate>2016-04-04 06:38:13 UTC</pubDate>
         <guid>https://padlet.com/lee_xueting/16S22GROUP1/wish/104259066</guid>
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      <item>
         <title>Body: Decide the direction and magnitude in which the curves shift</title>
         <author>lee_xueting</author>
         <link>https://padlet.com/lee_xueting/16S22GROUP1/wish/104259068</link>
         <description><![CDATA[<div>There is a leftward shift in Demand curve from D1 to D2 and a rightward shift in Supply curve from S1 to S2</div>]]></description>
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         <pubDate>2016-04-04 06:34:27 UTC</pubDate>
         <guid>https://padlet.com/lee_xueting/16S22GROUP1/wish/104259068</guid>
      </item>
      <item>
         <title>Body: Identify and explain whether the factor/event shifts the demand or supply curve. (2 Demand + 1 Supply or 2 Supply + 1 Demand)</title>
         <author>lee_xueting</author>
         <link>https://padlet.com/lee_xueting/16S22GROUP1/wish/104259069</link>
         <description><![CDATA[<div>Change in Tastes and Preferences &nbsp;</div><div>“emerging-market coffee”</div><div>→ consumers are buying Robusta beans instead of Arabica beans→&nbsp; consumer's demand for Arabica beans will decrease → the quantity demanded for Robusta beans increases → demand curve shifts left, cp.<br><br>Price of substitute decreases (Robusta Beans) → &nbsp;<br>"drinkers are filling their pots with cheaper Robusta beans" → demand curve shifts left, cp.<br><br>Good weather → Increased production of crops → supply curve shifts to the right, cp.</div>]]></description>
         <enclosure url="" />
         <pubDate>2016-04-04 06:32:26 UTC</pubDate>
         <guid>https://padlet.com/lee_xueting/16S22GROUP1/wish/104259069</guid>
      </item>
      <item>
         <title>Body: State the initial equilibrium</title>
         <author>lee_xueting</author>
         <link>https://padlet.com/lee_xueting/16S22GROUP1/wish/104259070</link>
         <description><![CDATA[<div>The original demand and supply curves are at D1 and S1 where equilibrium is at E1 and equilibrium price and quantity is at P1 and Q1 respectively.</div>]]></description>
         <enclosure url="" />
         <pubDate>2016-04-04 06:31:44 UTC</pubDate>
         <guid>https://padlet.com/lee_xueting/16S22GROUP1/wish/104259070</guid>
      </item>
      <item>
         <title>Introduction</title>
         <author>lee_xueting</author>
         <link>https://padlet.com/lee_xueting/16S22GROUP1/wish/104259071</link>
         <description><![CDATA[<div><strong>Explain market mechanism:<br><br>Market mechanism refers to how the interaction of the market forces of demand and supply determines the equilibrium price and output.</strong><br><strong><br>Define demand:&nbsp; Demand is defined as the amount of good that consumers are able and willing to&nbsp; purchase in a given period of time at various prices.<br><br>Define supply: Supply is defined as the amount of good that producers are able and willing to offer for sale in a given period of time at various places.</strong><br><br><br><br><br></div>]]></description>
         <enclosure url="" />
         <pubDate>2016-04-04 06:30:11 UTC</pubDate>
         <guid>https://padlet.com/lee_xueting/16S22GROUP1/wish/104259071</guid>
      </item>
      <item>
         <title>Welcome:)</title>
         <author>lee_xueting</author>
         <link>https://padlet.com/lee_xueting/16S22GROUP1/wish/104259072</link>
         <description><![CDATA[<div>Dear Students,</div><div><br></div><div>Welcome to Home-Based Learning 2016!</div><div><br>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)&nbsp; to answer the following essay question:<br><br><strong>a) With reference to the 2 news articles, explain the fall in prices of coffee beans in Brazil.</strong></div><div><br></div><div>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.&nbsp;<br><br>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 :)&nbsp;</div><div><br>Lastly, please identify these non-price determinants of demand &amp; supply by quoting the relevant phrases from the article.&nbsp;<br><br>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.&nbsp;</div><div><br>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.</div><div><br></div>]]></description>
         <enclosure url="" />
         <pubDate>2016-04-04 06:06:48 UTC</pubDate>
         <guid>https://padlet.com/lee_xueting/16S22GROUP1/wish/104259072</guid>
      </item>
      <item>
         <title>Topic: Demand, Supply &amp;amp; Market Equilibrium</title>
         <author>lee_xueting</author>
         <link>https://padlet.com/lee_xueting/16S22GROUP1/wish/104259073</link>
         <description><![CDATA[<div>Objective - Students will be able to identify and explain how the demand and supply factors affect the market for coffee beans.</div>]]></description>
         <enclosure url="" />
         <pubDate>2016-04-04 06:04:45 UTC</pubDate>
         <guid>https://padlet.com/lee_xueting/16S22GROUP1/wish/104259073</guid>
      </item>
      <item>
         <title>Group name:</title>
         <author>lee_xueting</author>
         <link>https://padlet.com/lee_xueting/16S22GROUP1/wish/104259074</link>
         <description><![CDATA[<div>Please write out the names of the members in the group.<br>1. Min Hui<br>2. Resvin<br>3. Rachie<br>4. Garyathry<br>5.</div>]]></description>
         <enclosure url="" />
         <pubDate>2016-04-04 06:03:43 UTC</pubDate>
         <guid>https://padlet.com/lee_xueting/16S22GROUP1/wish/104259074</guid>
      </item>
      <item>
         <title>With reference to the 2 news articles,  explain the fall in prices of coffee beans in Brazil.</title>
         <author>lee_xueting</author>
         <link>https://padlet.com/lee_xueting/16S22GROUP1/wish/104259075</link>
         <description><![CDATA[]]></description>
         <enclosure url="" />
         <pubDate>2016-04-04 05:52:46 UTC</pubDate>
         <guid>https://padlet.com/lee_xueting/16S22GROUP1/wish/104259075</guid>
      </item>
      <item>
         <title>News Article</title>
         <author>lee_xueting</author>
         <link>https://padlet.com/lee_xueting/16S22GROUP1/wish/104259076</link>
         <description><![CDATA[]]></description>
         <enclosure url="http://www.economist.com/blogs/economist-explains/2013/07/economist-explains-9" />
         <pubDate>2016-04-04 05:51:11 UTC</pubDate>
         <guid>https://padlet.com/lee_xueting/16S22GROUP1/wish/104259076</guid>
      </item>
      <item>
         <title>News Article 1</title>
         <author>lee_xueting</author>
         <link>https://padlet.com/lee_xueting/16S22GROUP1/wish/104259077</link>
         <description><![CDATA[]]></description>
         <enclosure url="http://www.economist.com/news/finance-and-economics/21581727-plenty-coffee-too-few-drinkers-brewed-awakening" />
         <pubDate>2016-04-04 05:48:50 UTC</pubDate>
         <guid>https://padlet.com/lee_xueting/16S22GROUP1/wish/104259077</guid>
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