https://padlet.com/leonyu_qingg/wxn8s8sh2qap en-us 2019-01-04 03:45:23 UTC 2025-09-26 16:53:57 UTC hello@padlet.com leonyu_qingg https://padlet.com/leonyu_qingg/wxn8s8sh2qap/wish/317375955 The product in question is Mao Shan Wang Durians. In the Durian market, the first non-price determinant of demand at work is the Number of Buyers. As seen in the article, in the month of November, the number of buyers have decreased to the fact that many "people are going on holiday so fewer people are buying" durians. Another non-price determinant of demand at work is the Expectations of Buyers. In the article, it is stated that the consumers "are waiting for prices to drop before they buy" in the month of November. Since the consumers expect the price to drop, they will decide to delay the date of their purchase of durians.
On the other hand, there is a non-price determinant of supply involved which is the Number of Sellers. The number of sellers increases which is evident in the article stating that the "suppliers have had a good durian harvest recently". There will be more sellers with the higher number of durians available.

With less number of buyers and expectation of buyers (anticipated lower prices of durian), the demand curve will shift to the left to imply a decrease in demand. With the higher number of sellers available, the supply curve will shift to the right to imply a increase in supply. Now at the same disequilibrium point, there will be a surplus as the quantity supplied exceeds the quantity demanded. This is due to the downward pressure on sellers to decrease prices. Thus, the market will shift to a new equilibrium at a lower equilibrium price at P'_.  However, the impact on equilibrium price is indeterminate as we don't know the exact proportion of the simultaneous shift. The lower equilibrium price is also evident in the article as "durians that usually go for more than $20 per kg, but are now being sold for $16 to $20 per kg"]]> 2019-01-04 06:36:26 UTC https://padlet.com/leonyu_qingg/wxn8s8sh2qap/wish/317375955 https://padlet.com/leonyu_qingg/wxn8s8sh2qap/wish/317376019 2019-01-04 06:38:26 UTC https://padlet.com/leonyu_qingg/wxn8s8sh2qap/wish/317376019 gwengoh9 https://padlet.com/leonyu_qingg/wxn8s8sh2qap/wish/317376834 Assumption: Demand curve shifts to the left more than the supply curve shifts to the right. In this case, the market will shift to a new equilibrium point E' at a lower equilibrium price P' and lower equilibrium quantity at Q'.]]> 2019-01-04 06:55:26 UTC https://padlet.com/leonyu_qingg/wxn8s8sh2qap/wish/317376834 leonyu_qingg https://padlet.com/leonyu_qingg/wxn8s8sh2qap/wish/317572771 Other than Market Equilibrium, the article has also shown an example of Opportunity Cost. In the article, it is stated that "the year end period is not a time when people usually eat durians". The reason for this is that consumers "might be saving up instead for Christmas or new textbooks and uniforms for their children". The scarce resource in this case is money. Scarcity of money forces consumers to allocate this limited amount of money efficiently. The opportunity cost or the next best alternative forgone of the consumers spending money on family or festive seasons is purchasing durians.]]> 2019-01-05 11:16:13 UTC https://padlet.com/leonyu_qingg/wxn8s8sh2qap/wish/317572771 leonyu_qingg https://padlet.com/leonyu_qingg/wxn8s8sh2qap/wish/317582703 With it's rising popularity, durian, also known as the "king of fruits", has an enormous market in Southeast Asia. It is seen that in Malaysia, the pungent and stinky fruit is attracting investment opportunities from several companies and tycoon. This is due to its increasing demand in China. For example, at a Shanghai restaurant selling durian chicken hotpot, owner Chen Weihao said the store is able to sell around 20kg to 25kg of imported durian every month. Thus with such a booming market, we will be doing fundamental analysis using recent news to discuss the different aspects of the durian market.

References:
Anonymous. (2018, November 26). Durian set to become Malaysia's next major export on demand from China. Retrieved from https://www.straitstimes.com/business/economy/durian-set-to-become-malaysias-next-major-export-on-demand-from-china

]]> 2019-01-05 14:30:12 UTC https://padlet.com/leonyu_qingg/wxn8s8sh2qap/wish/317582703 leonyu_qingg https://padlet.com/leonyu_qingg/wxn8s8sh2qap/wish/317587747 Assumption: Supply curve shifts to the right more than the demand curve shifts to the left. In this case, the market will shift to a new equilibrium point E' at a lower equilibrium price P' and higher equilibrium quantity at Q'.]]> 2019-01-05 15:39:29 UTC https://padlet.com/leonyu_qingg/wxn8s8sh2qap/wish/317587747 s10187458 https://padlet.com/leonyu_qingg/wxn8s8sh2qap/wish/317635716 2019-01-06 08:41:15 UTC https://padlet.com/leonyu_qingg/wxn8s8sh2qap/wish/317635716 alysha1705 https://padlet.com/leonyu_qingg/wxn8s8sh2qap/wish/317760077
Based on the article, the demand for Durians are price elastic. One of the determinants is whether the good in question is a Necessity or Luxury and based in this sentence from the article “In China, durian has become a status symbol and the demand is huge, especially among the younger generation". This shows that durians are considered as a luxury good as being able to consume durians is seen as status symbol.

The demand is also price elastic as the Proportion of Income of the Chinese is huge and they are willing to spend more money to have the ability to consume durians. It can be seen in  "And where there is Chinese appetite there is money." This shows that the Chinese have the means of income to purchase durians. Furthermore, "The demand has driven up the price of durian by up to 20 times over the past four years." This shows that due to the demand, the price of the durians has also increased drastically yet the Chinese consumers are still willing to pay the increased price for the durians. This might also show the increased proportion of income used to purchase durians due to the increased prices. 

]]> 2019-01-07 08:26:11 UTC https://padlet.com/leonyu_qingg/wxn8s8sh2qap/wish/317760077 https://padlet.com/leonyu_qingg/wxn8s8sh2qap/wish/318162411 2019-01-08 05:08:18 UTC https://padlet.com/leonyu_qingg/wxn8s8sh2qap/wish/318162411 s10186582 https://padlet.com/leonyu_qingg/wxn8s8sh2qap/wish/318236537 Characteristics & Product Differentiation

1. Product Uniformity
The article mentioned a few different types of durians sold in the market, showing that the durians in the market are similar but differentiated. The mentioned types of durian include Musang King and D24. This shows that different sellers may sell different types of durians from one another and hence there can be physical differences as durians may be of different sizes and variety. Additionally, the article also indicates that different sellers have incorporated durians as an ingredient in other food products such as cakes and ice-creams to increase their variety of durian-related products they are selling. Hence, we can see that different sellers try to make their products  unique from their competitors' products so that they can have some market power (ability to set prices).

2. Government Intervention
China requires government intervention for durian to be sold in their market. This is supported by the article mentioning that China's General Administration of Customs Minister and Malaysia's Agriculture and Agro-based Industry Minister needing to sign a protocol before the fruit can be sold in China's market. This is to ensure that China's biosecurity and food security are well maintained. Hence, we can further infer that the durian market supports a Monopolistic Competition market structure.

3. Number of sellers
There are also many sellers in the market selling durians. For example, in China, two of the sellers include Taobao and JD.com. These sellers sell durians in many forms - the fruit itself, durian yoghurts, durian ice cream, durian pastries and more. We can hence further infer that different sellers may have different services as those sellers stated in the article are online websites which may provide home delivery services. However, from our general knowledge, we know that durians can be bought in stores as well. Hence, we can infer that different sellers have different services that they provide to customers, further proving the market structure to be Monopolistic Competition.

These factors prove that the business for durian in China's Market has a Monopolistic Competition.]]> 2019-01-08 11:34:56 UTC https://padlet.com/leonyu_qingg/wxn8s8sh2qap/wish/318236537 alysha1705 https://padlet.com/leonyu_qingg/wxn8s8sh2qap/wish/318728939 Other than Elasticity and Supply,  the article has also shown an example of Externalities. In this article, it was proven that the selling of durians causes negative externalities where costs are imposed on third parties. It was stated that the increase in durian farming "has raised some environmental concerns – mainly that jungle land is being cleared to make way for plantations."  This means that deforestation will take place in order to plant more durian trees. This can result to a negative impact on the environment such as a loss of habitat for the different species living in the jungle as well as decreasing "the numbers of the very pollinators that are necessary for durian fruit production, and which the durian industry therefore heavily relies on for profit." In conclusion, durian farming can result to Negative externalities. ]]> 2019-01-09 12:38:28 UTC https://padlet.com/leonyu_qingg/wxn8s8sh2qap/wish/318728939 nmk https://padlet.com/leonyu_qingg/wxn8s8sh2qap/wish/319933110 2) Try to make it immediately readable without having to scroll down individual columns.]]> 2019-01-12 10:09:37 UTC https://padlet.com/leonyu_qingg/wxn8s8sh2qap/wish/319933110