Coffee Bean Market - Arabica by XueTing Lee https://padlet.com/lee_xueting/16S08S24GROUP2 en-us 2016-04-06 00:53:53 UTC 2023-01-22 14:03:39 UTC hello@padlet.com Chat Box lee_xueting https://padlet.com/lee_xueting/16S08S24GROUP2/wish/104261018 Ms Lee: Hi]]> 2016-04-04 06:39:46 UTC https://padlet.com/lee_xueting/16S08S24GROUP2/wish/104261018 Conclusion lee_xueting https://padlet.com/lee_xueting/16S08S24GROUP2/wish/104261019 The increase in supply and the decrease in supply of acrabica beans reinforces each other to result in a increase in equilibrium quantity of acrabica beans from Q0 to Q1.
The price of the beans decease because the supply of acrabica increase  more than new demand .hence the equilibrium price would decrease .
The supply of the beans can be price elastic in the short run, as more investment and production has been  placed to increase the supply ,which cause the equilibrium price decrease by more and the equilibrium quantity increase by less]]> 2016-04-04 06:38:57 UTC https://padlet.com/lee_xueting/16S08S24GROUP2/wish/104261019 Body: Decide the direction and magnitude in which the curves shift lee_xueting https://padlet.com/lee_xueting/16S08S24GROUP2/wish/104261022 The demand curve will shift to the left and the supply curve will shift to the right
The supply curve will shift more proportionate than demand curve ]]> 2016-04-04 06:34:27 UTC https://padlet.com/lee_xueting/16S08S24GROUP2/wish/104261022 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/16S08S24GROUP2/wish/104261023 From the articles,"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".
This shows that there is a decrease in demand for coffee beans in Brazil due to the availability of substitutes which is Robusta beans in this case.Due to cheaper Robusta beans,more people will switch from Brazil beans to Robusta beans which will cause demand for Brazil beans to fall and a rise in demand for Robusta beans,ceteris paribus .The demand for Brazil beans will fall leading to a leftward shift of the demand curve 

From the articles,"Farmers who grow arabica beans tend to be specialists, and do not plant other sorts of crops (which is the usual way for farmers to insulate themselves from volatile prices for a particular crop)." This shows that there is an increase in supply of coffee beans.If coffee beans enjoy a boom in demand,it is much more profitable to grow coffee beans.As a consequence,many farmers in Brazil switch to grow coffee beans.This increases the number of sellers for coffee beans in Brazil and cause a rightward shift in the supply curve for Brazil coffee beans.

From the articles,"And good weather in Brazil means that this year's crop has turned out to be unexpectedly large."This shows that there is an increase in supply for Brazil coffee beans.This is due to the good weather conditions which might favour good conditions for crop growth and cause a huge increase in supply for coffee beans in Brazil.Thus,this cause a rightward shift in the supply curve for Brazil coffee beans 

]]> 2016-04-04 06:32:26 UTC https://padlet.com/lee_xueting/16S08S24GROUP2/wish/104261023 Body: State the initial and final equilibrium lee_xueting https://padlet.com/lee_xueting/16S08S24GROUP2/wish/104261024 At the initial equilibrium E0, the equilibrium quantity is at Q0.
At the new equilibrium E1, the new equilibrium quantity at Q1 is lower than the initial equilibrium quantity at Q0 as cheaper price of acrabica beans are cheaper sice there is surplus supply]]> 2016-04-04 06:31:44 UTC https://padlet.com/lee_xueting/16S08S24GROUP2/wish/104261024 Introduction lee_xueting https://padlet.com/lee_xueting/16S08S24GROUP2/wish/104261025 Explain market mechanism:
It 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:
Demand is defined as the amount of a good that consumers are able and willing to purchase in a given time 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 given period of time at various prices




]]> 2016-04-04 06:30:11 UTC https://padlet.com/lee_xueting/16S08S24GROUP2/wish/104261025 Welcome:) lee_xueting https://padlet.com/lee_xueting/16S08S24GROUP2/wish/104261026 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/16S08S24GROUP2/wish/104261026 Topic: Demand, Supply & Market Equilibrium lee_xueting https://padlet.com/lee_xueting/16S08S24GROUP2/wish/104261027 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/16S08S24GROUP2/wish/104261027 Group name: lee_xueting https://padlet.com/lee_xueting/16S08S24GROUP2/wish/104261028 Please write out the names of the members in the group.
1.Hui Yi
2.Lincoln
3.Zhen Xian
4.Anbang
5.Adrea]]> 2016-04-04 06:03:43 UTC https://padlet.com/lee_xueting/16S08S24GROUP2/wish/104261028 With reference to the 2 news articles,  explain the fall in prices of coffee beans in Brazil. lee_xueting https://padlet.com/lee_xueting/16S08S24GROUP2/wish/104261029 Vietnam has gone from growing almost nothing a decade ago to producing 25m bags of robusta beans a year today.The result is oversupply of coffee"
 Many Brazilian and Colombian farmers invested to boost production of arabica in response to the high prices of 2011, which has added to the oversupply and further depressed prices(News article 2)
Due to the overproduction,the supplier has to sell more coffee beans in short run by lowering prices since the quality may change over time easily due to expiry date.Hence this two factors has caused to fall in prices of coffee bean]]> 2016-04-04 05:52:46 UTC https://padlet.com/lee_xueting/16S08S24GROUP2/wish/104261029 News Article lee_xueting https://padlet.com/lee_xueting/16S08S24GROUP2/wish/104261030 2016-04-04 05:51:11 UTC https://padlet.com/lee_xueting/16S08S24GROUP2/wish/104261030 News Article 1 lee_xueting https://padlet.com/lee_xueting/16S08S24GROUP2/wish/104261031 2016-04-04 05:48:50 UTC https://padlet.com/lee_xueting/16S08S24GROUP2/wish/104261031 Demand and supply graph https://padlet.com/lee_xueting/16S08S24GROUP2/wish/107365524 2016-04-23 17:40:58 UTC https://padlet.com/lee_xueting/16S08S24GROUP2/wish/107365524 Body: Using the market adjustment process, explain how the shift(s) changes the equilibrium price and quantity (Explanation of diagram): https://padlet.com/lee_xueting/16S08S24GROUP2/wish/107391897 The equilibrium is reached at Efirst.
Due to the excess supply ,the surplus supply and smaller demand will create a downward pressure on the curve and new equilibrium E1 is reached,the price has decreased .]]> 2016-04-24 10:57:26 UTC https://padlet.com/lee_xueting/16S08S24GROUP2/wish/107391897