Coffee Bean Market - Arabica by XueTing Lee https://padlet.com/lee_xueting/16S13GROUP2 en-us 2016-04-06 02:43:42 UTC 2025-10-19 21:59:43 UTC hello@padlet.com Chat Box lee_xueting https://padlet.com/lee_xueting/16S13GROUP2/wish/104270889 Mr Wong: pls start filling in the segments after u have read the articles
Someone can do the assigning of work to each person]]> 2016-04-04 06:39:46 UTC https://padlet.com/lee_xueting/16S13GROUP2/wish/104270889 Conclusion lee_xueting https://padlet.com/lee_xueting/16S13GROUP2/wish/104270890 The fall in demand and increase in supply which happens simultaneously, would result in a sharper fall in equilibrium price.  There is a greater fall in demand than fall in supply, hence equilibrium quantity would also fall.]]> 2016-04-04 06:38:57 UTC https://padlet.com/lee_xueting/16S13GROUP2/wish/104270890 Body: State the new (final) equilibrium lee_xueting https://padlet.com/lee_xueting/16S13GROUP2/wish/104270891 Equilibrium price has fallen from P1 to P2 wile the equilibrium quantity has risen from Q1 to Q2.]]> 2016-04-04 06:38:13 UTC https://padlet.com/lee_xueting/16S13GROUP2/wish/104270891 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/16S13GROUP2/wish/104270892 At original price P1, quantity supplied is more than quantity demand and thus a surplus occurs. This causes a downward pressure on the price. As price falls, quantity demanded rises and quantity supplied falls until a new equilibrium is reached at E2 ]]> 2016-04-04 06:35:51 UTC https://padlet.com/lee_xueting/16S13GROUP2/wish/104270892 Body: Decide the direction and magnitude in which the curves shift lee_xueting https://padlet.com/lee_xueting/16S13GROUP2/wish/104270893 The supply curve shifts more than the demand curve. ]]> 2016-04-04 06:34:27 UTC https://padlet.com/lee_xueting/16S13GROUP2/wish/104270893 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/16S13GROUP2/wish/104270894 Factor 1: As the coffee bean farmers go on strike, there will be a drop in supply of coffee beans as no one is producing them. Thus, the price of coffee beans would go up as there would be less quantity supplied. Thus, the supply curve would shift leftward. (Article 2: Brazil's farmers are striking)

Factor 2: There are more producers of coffee beans, resulting in an oversupply of coffee beans. As such, the price of the coffee beans would drop as the producers try to sell of the excess coffee beans. Thus, the supply curve would shift rightward. (Article 2: production of coffee, and of cheaper robusta beans in particular, is booming. Vietnam has gone from growing almost nothing a decade ago to producing 25m bags of robusta beans a year today. The result is an oversupply of coffee.)

Factor 3: As the price of coffee beans fall, more middle-class people are able to afford the once expensive coffee. As such demand increases as more people are able to afford the coffee. Thus, the demand curve shifts rightward. (Article 1: coffee is an affordable luxury for the middle class)


]]> 2016-04-04 06:32:26 UTC https://padlet.com/lee_xueting/16S13GROUP2/wish/104270894 Body: State the initial equilibrium lee_xueting https://padlet.com/lee_xueting/16S13GROUP2/wish/104270895 The initial demand curve D1 intersects with the supply curve S1 with equilibrium price and quantity ]]> 2016-04-04 06:31:44 UTC https://padlet.com/lee_xueting/16S13GROUP2/wish/104270895 Introduction lee_xueting https://padlet.com/lee_xueting/16S13GROUP2/wish/104270896 Explain market mechanism:
It is the process by which a market solves a problem by allocating resources, especially that of deciding how much of a good or service should be produced. The market mechanism works through the interaction of the market forces of demand and supply to determine the equilibrium price and output.
Define demand:
Demand is the ability and willingness of consumers to consume goods and services in a given period at various prices

Define supply:
Supply is the ability and willingness of producers to produce a good or service in a given period at various prices.



]]> 2016-04-04 06:30:11 UTC https://padlet.com/lee_xueting/16S13GROUP2/wish/104270896 Welcome:) lee_xueting https://padlet.com/lee_xueting/16S13GROUP2/wish/104270897 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/16S13GROUP2/wish/104270897 Topic: Demand, Supply & Market Equilibrium lee_xueting https://padlet.com/lee_xueting/16S13GROUP2/wish/104270898 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/16S13GROUP2/wish/104270898 Group name: lee_xueting https://padlet.com/lee_xueting/16S13GROUP2/wish/104270899 Please write out the names of the members in the group.
1. Rachel
2. Melissa
3. Joey
4. Shania
5. Emilie]]> 2016-04-04 06:03:43 UTC https://padlet.com/lee_xueting/16S13GROUP2/wish/104270899 With reference to the 2 news articles,  explain the fall in prices of coffee beans in Brazil. lee_xueting https://padlet.com/lee_xueting/16S13GROUP2/wish/104270900 2016-04-04 05:52:46 UTC https://padlet.com/lee_xueting/16S13GROUP2/wish/104270900 News Article 2 lee_xueting https://padlet.com/lee_xueting/16S13GROUP2/wish/104270901 2016-04-04 05:51:11 UTC https://padlet.com/lee_xueting/16S13GROUP2/wish/104270901 News Article 1 lee_xueting https://padlet.com/lee_xueting/16S13GROUP2/wish/104270902 2016-04-04 05:48:50 UTC https://padlet.com/lee_xueting/16S13GROUP2/wish/104270902