Coffee Bean Market - Arabica by XueTing Lee https://padlet.com/lee_xueting/16A07GROUP3 en-us 2016-04-06 00:20:21 UTC 2026-01-12 21:58:48 UTC hello@padlet.com Conclusion lee_xueting https://padlet.com/lee_xueting/16A07GROUP3/wish/104257323 The quantity demanded would fall more exceedingly than the rise in quantity supplied. Since there is an economic recession, which leads to a general fall in income and with the decrease price of a substitute, the demand falls more exceedingly than supply increase. Despite the good weather which allows optimum growth of coffee plants, there  is still limited land for the crops to grow, thus quantity supply would not increase as much as the quantity demanded decrease. ]]> 2016-04-04 06:38:57 UTC https://padlet.com/lee_xueting/16A07GROUP3/wish/104257323 Body: State the new (final) equilibrium lee_xueting https://padlet.com/lee_xueting/16A07GROUP3/wish/104257324 Once the market adjustment process finishes, the market will reach a new equilbrium at e1, with a lower price, p1.]]> 2016-04-04 06:38:13 UTC https://padlet.com/lee_xueting/16A07GROUP3/wish/104257324 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/16A07GROUP3/wish/104257325 As the supply curve shifts to the right and the demand curve shifts to the left, a surplus QsQs2 occurs at original price Po. This causes the downwards pressure of price which leads to decrease in quantity supplied and increase in quantity demanded. The movement along the curve is as indicated, and the shortage is finally eliminated at E1.]]> 2016-04-04 06:35:51 UTC https://padlet.com/lee_xueting/16A07GROUP3/wish/104257325 Body: Decide the direction and magnitude in which the curves shift lee_xueting https://padlet.com/lee_xueting/16A07GROUP3/wish/104257326 As the demand for the beans decreases due to the factors mentioned above, the demand curve shifts to the left.
The supply for beans increases and shifts the supply curve to the right.
The demand curve will shift more than the supply curve because the factors affecting the demand are able to affect it more implicitly than the factors for supply. This is because the supply for coffee beans is limited due to the limited land that suppliers are able to grow their crops on. Hence, the factors affecting supply would cause a smaller shift as compared to factors affecting demand.

]]> 2016-04-04 06:34:27 UTC https://padlet.com/lee_xueting/16A07GROUP3/wish/104257326 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/16A07GROUP3/wish/104257327 The demand for coffee beans decreases as the price of a substitute( robusta beans) decreases, ceteris paribus which leads to competitive demand. When the price of robusta beans is decreases and holding all other factors constant, consumer's demand for coffee decreases as they will switch to a cheaper good.
The demand for coffee beans decreases due to low income caused by recession, ceteris paribus. Consumers has lower purchasing power and hence, decreases the demand for coffee beans. With a lower quantity demanded, less profits are earned by coffee companies.
Secondly, supply of coffee increases as suitable weather allows the optimum growth of  coffee beans, ceteris paribus. 
Therefore, with the decrease in quantity demanded, the demand curve will shift to the left. With the increase in supply, the supply curve would shift to the right.

]]> 2016-04-04 06:32:26 UTC https://padlet.com/lee_xueting/16A07GROUP3/wish/104257327 Body: State the initial equilibrium lee_xueting https://padlet.com/lee_xueting/16A07GROUP3/wish/104257328 Initially, the market for Coffee Beans from Brazil is at equilibrium at e0,p0q0]]> 2016-04-04 06:31:44 UTC https://padlet.com/lee_xueting/16A07GROUP3/wish/104257328 Introduction lee_xueting https://padlet.com/lee_xueting/16A07GROUP3/wish/104257329 Explain market mechanism: Market mechanism is a term from economics referring 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 an economic principle that describes a consumer's desire and willingness to pay a price for a specific good or service. Price of a good or service increases as its demand increases and vice versa, ceteris paribus


Define supply: Supply is an economic concept that describes the total amount of a specific good or service that is available to consumers. Supply can relate to the amount available at a specific price or the amount available across a range of prices if displayed on a graph.




]]> 2016-04-04 06:30:11 UTC https://padlet.com/lee_xueting/16A07GROUP3/wish/104257329 Welcome:) lee_xueting https://padlet.com/lee_xueting/16A07GROUP3/wish/104257330 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/16A07GROUP3/wish/104257330 Topic: Demand, Supply & Market Equilibrium lee_xueting https://padlet.com/lee_xueting/16A07GROUP3/wish/104257331 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/16A07GROUP3/wish/104257331 Group name: lee_xueting https://padlet.com/lee_xueting/16A07GROUP3/wish/104257332 Please write out the names of the members in the group.
1. Eddry Farris (EDDROS)
2.Isabelle 
3.Tijin

]]> 2016-04-04 06:03:43 UTC https://padlet.com/lee_xueting/16A07GROUP3/wish/104257332 With reference to the 2 news articles,  explain the fall in prices of coffee beans in Brazil. lee_xueting https://padlet.com/lee_xueting/16A07GROUP3/wish/104257333 See factors in notes above

]]> 2016-04-04 05:52:46 UTC https://padlet.com/lee_xueting/16A07GROUP3/wish/104257333 News Article lee_xueting https://padlet.com/lee_xueting/16A07GROUP3/wish/104257334 2016-04-04 05:51:11 UTC https://padlet.com/lee_xueting/16A07GROUP3/wish/104257334 News Article 1 lee_xueting https://padlet.com/lee_xueting/16A07GROUP3/wish/104257335 2016-04-04 05:48:50 UTC https://padlet.com/lee_xueting/16A07GROUP3/wish/104257335 Dd Factors https://padlet.com/lee_xueting/16A07GROUP3/wish/106938030 -traditional markets for their wares are saturated
-pots with cheaper robusta beans
-recession has squeezed the profits of big food companies such as Nestlé and Kraft.
-increase competition from substitute: robusta beans

]]> 2016-04-21 07:40:56 UTC https://padlet.com/lee_xueting/16A07GROUP3/wish/106938030 Ss Factors https://padlet.com/lee_xueting/16A07GROUP3/wish/106941272 - good weather means that even this year's "off" crop is a bumper one, with the prospect of another "on" year to come.
- 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.]]> 2016-04-21 08:02:28 UTC https://padlet.com/lee_xueting/16A07GROUP3/wish/106941272