Coffee Bean Market - Arabica by XueTing Lee https://padlet.com/lee_xueting/16S19GROUP5 en-us 2016-04-06 00:30:17 UTC 2025-10-08 15:09:44 UTC hello@padlet.com Chat Box lee_xueting https://padlet.com/lee_xueting/16S19GROUP5/wish/104258318 Mrs Ting: Please indicate your name in the group as you login so that I know you are here. Remember to click on the pencil symbol to write. Have your lecture notes with you as reference

Pls note to complete it by Sat 10am.]]> 2016-04-04 06:39:46 UTC https://padlet.com/lee_xueting/16S19GROUP5/wish/104258318 Conclusion lee_xueting https://padlet.com/lee_xueting/16S19GROUP5/wish/104258319 2016-04-04 06:38:57 UTC https://padlet.com/lee_xueting/16S19GROUP5/wish/104258319 Body: State the new (final) equilibrium lee_xueting https://padlet.com/lee_xueting/16S19GROUP5/wish/104258320 2016-04-04 06:38:13 UTC https://padlet.com/lee_xueting/16S19GROUP5/wish/104258320 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/16S19GROUP5/wish/104258321 2016-04-04 06:35:51 UTC https://padlet.com/lee_xueting/16S19GROUP5/wish/104258321 Body: Decide the direction and magnitude in which the curves shift lee_xueting https://padlet.com/lee_xueting/16S19GROUP5/wish/104258322 Source 1 says that "now fetch around $106 a 60kg bag, less than half of what farmers could get for them a couple of years ago". Demand curve for arabica beans shifts to the left such that the new P2 is half of P1.
 
Demand curve for robusta beans shifts to the right. Supply curve for robusta beans also shifts to the right but by a larger magnitude.]]> 2016-04-04 06:34:27 UTC https://padlet.com/lee_xueting/16S19GROUP5/wish/104258322 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/16S19GROUP5/wish/104258323 Source 1 says that "production of coffee, and of cheaper robusta beans in particular, is booming". There has been a change in the taste and preferences of consumers as they switch from buying arabica beans to buying the cheaper robusta beans. As such, the demand for arabica beans decreases and demand for robusta beans increases, ceteris paribus. This is shown by a leftward shift in the demand curve for arabica beans and a rightward shift in the demand curve for robusta beans.
 
Source 1 says that "Vietnam has gone from growing almost nothing a decade ago to producing 25m bags of robusta beans a year today". The increase in demand for robusta beans was followed by an increase in production of the beans. The increase in supply of robusta beans is shown by a rightward shift of the supply curve for robusta beans, ceteris paribus.]]> 2016-04-04 06:32:26 UTC https://padlet.com/lee_xueting/16S19GROUP5/wish/104258323 Body: State the initial equilibrium lee_xueting https://padlet.com/lee_xueting/16S19GROUP5/wish/104258324 Initially, both the coffee markets are in equilibrium at the intersection of the demand (D1) and supply (S1) curvesat equlibrium point E. However, the equilibrium price and quantity of arabica beans was higher than that of robusta beans.]]> 2016-04-04 06:31:44 UTC https://padlet.com/lee_xueting/16S19GROUP5/wish/104258324 Introduction lee_xueting https://padlet.com/lee_xueting/16S19GROUP5/wish/104258325 Explain market mechanism:
The market mechanism determines the equilibrium price and output through the interaction of the market forces of demand and supply.

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 prices.

Define supply:
Supply is defined as the amount of a good that producers are willing and able 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/16S19GROUP5/wish/104258325 Welcome:) lee_xueting https://padlet.com/lee_xueting/16S19GROUP5/wish/104258326 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/16S19GROUP5/wish/104258326 Topic: Demand, Supply & Market Equilibrium lee_xueting https://padlet.com/lee_xueting/16S19GROUP5/wish/104258327 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/16S19GROUP5/wish/104258327 Group name: lee_xueting https://padlet.com/lee_xueting/16S19GROUP5/wish/104258328 Please write out the names of the members in the group.
1. Ritha Low
2. Celine Leow 
3. Zoe Lin
4. Lim Yan Shan]]> 2016-04-04 06:03:43 UTC https://padlet.com/lee_xueting/16S19GROUP5/wish/104258328 With reference to the 2 news articles,  explain the fall in prices of coffee beans in Brazil. lee_xueting https://padlet.com/lee_xueting/16S19GROUP5/wish/104258329 2016-04-04 05:52:46 UTC https://padlet.com/lee_xueting/16S19GROUP5/wish/104258329 News Article lee_xueting https://padlet.com/lee_xueting/16S19GROUP5/wish/104258330 2016-04-04 05:51:11 UTC https://padlet.com/lee_xueting/16S19GROUP5/wish/104258330 News Article 1 lee_xueting https://padlet.com/lee_xueting/16S19GROUP5/wish/104258331 2016-04-04 05:48:50 UTC https://padlet.com/lee_xueting/16S19GROUP5/wish/104258331