Coffee Bean Market - Arabica by XueTing Lee https://padlet.com/lee_xueting/16A04GROUP2 en-us 2016-04-06 00:10:01 UTC 2025-10-03 18:53:06 UTC hello@padlet.com Chat Box lee_xueting https://padlet.com/lee_xueting/16A04GROUP2/wish/104256167 Mrs Ting: Please write in complete sentences.]]> 2016-04-04 06:39:46 UTC https://padlet.com/lee_xueting/16A04GROUP2/wish/104256167 Conclusion lee_xueting https://padlet.com/lee_xueting/16A04GROUP2/wish/104256168 Therefore, due to the decrease in demand of coffee beans and fall in supply, the equilibrium falls resulting in fall of the price.]]> 2016-04-04 06:38:57 UTC https://padlet.com/lee_xueting/16A04GROUP2/wish/104256168 Body: State the new (final) equilibrium lee_xueting https://padlet.com/lee_xueting/16A04GROUP2/wish/104256169 The new equilibrium is now E2, where equilbrium quantity of coffee beans fall from Q1 to Q2 and equilbrium price of coffee beans fall from P1 to P2.]]> 2016-04-04 06:38:13 UTC https://padlet.com/lee_xueting/16A04GROUP2/wish/104256169 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/16A04GROUP2/wish/104256170 Note: Please draw the diagram manually, take a photo and upload it by clicking the "video icon". 

Due to the decreased supply and demand as mentioned above, supply and demand curve shifts to the left simultaneously. At original price P1, there is a surplus, as indicated by QdQs. This exerts a downward pressure on the price to decrease. This process will continue until a new equilibrium, E2, is found. This results in a decreased equilbrium quantity and most importantly, a fall in price. (FADHLI)]]> 2016-04-04 06:35:51 UTC https://padlet.com/lee_xueting/16A04GROUP2/wish/104256170 Body: Decide the direction and magnitude in which the curves shift lee_xueting https://padlet.com/lee_xueting/16A04GROUP2/wish/104256171 -leftwards shift in demand curve from D1 to D2 
-leftwards shift in supply curve from S1 to S2 ]]> 2016-04-04 06:34:27 UTC https://padlet.com/lee_xueting/16A04GROUP2/wish/104256171 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/16A04GROUP2/wish/104256172
SUPPLY:
- "farmers burning bags of beans" >> fall in supply
- "falling prices have been accompanied by rising costs" >> fall in supply (increase in cost of production)

DEMAND:
- "drinkers are filling their pots with cheaper robusta beans" >> fall in demand (taste and preferences)]]> 2016-04-04 06:32:26 UTC https://padlet.com/lee_xueting/16A04GROUP2/wish/104256172 Body: State the initial equilibrium lee_xueting https://padlet.com/lee_xueting/16A04GROUP2/wish/104256173 DEFINITION OF INITIAL EQUILIBRIUM
Initial equilibrium refers to the part two curves onto one graph. The point of intersection of supply and demand marks the point of equilibrium. 
the original demand and supply curve are at D1 and S1 where equilibrium is at E1 and equilibrium price and quantity is at P1 and Q1 respectively ]]> 2016-04-04 06:31:44 UTC https://padlet.com/lee_xueting/16A04GROUP2/wish/104256173 Introduction lee_xueting https://padlet.com/lee_xueting/16A04GROUP2/wish/104256174 Explain market mechanism:  It refers to the process wherby the free market allocates resources based on the prices and quantity of goods and services. The interaction of the market forces of demand and supply determine equilibrium price and output.


Define demand: It is the amount of a good that consumers are willing and able to purchase in a given period of time at various prices.


Define supply: It is the amount of a good that consumers 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/16A04GROUP2/wish/104256174 Welcome:) lee_xueting https://padlet.com/lee_xueting/16A04GROUP2/wish/104256175 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/16A04GROUP2/wish/104256175 Topic: Demand, Supply & Market Equilibrium lee_xueting https://padlet.com/lee_xueting/16A04GROUP2/wish/104256176 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/16A04GROUP2/wish/104256176 Group name: lee_xueting https://padlet.com/lee_xueting/16A04GROUP2/wish/104256177 Please write out the names of the members in the group.
1. Fadhli
2. Maisarah
3. Amira
4. Prisha
5. Syafiqah]]> 2016-04-04 06:03:43 UTC https://padlet.com/lee_xueting/16A04GROUP2/wish/104256177 With reference to the 2 news articles,  explain the fall in prices of coffee beans in Brazil. lee_xueting https://padlet.com/lee_xueting/16A04GROUP2/wish/104256178 2016-04-04 05:52:46 UTC https://padlet.com/lee_xueting/16A04GROUP2/wish/104256178 News Article lee_xueting https://padlet.com/lee_xueting/16A04GROUP2/wish/104256179 2016-04-04 05:51:11 UTC https://padlet.com/lee_xueting/16A04GROUP2/wish/104256179 News Article 1 lee_xueting https://padlet.com/lee_xueting/16A04GROUP2/wish/104256180 2016-04-04 05:48:50 UTC https://padlet.com/lee_xueting/16A04GROUP2/wish/104256180