Thursday, March 13, 2014
demand
This week we learned about demand. We learned alot about how price and quantity affect demand. We learned a formula that can tell us if a product is elastic or inelastic based off price and quantity. We also made an ad for weserville that showed factors of demand. Ours were consumer tastes and complementary goods.
Friday, March 7, 2014
snow days and demand
This week was short because of the two snow days we had on Monday and Tuesday. Wednesday was ash Wednesday, so we didn't use any electronics. We learned about demand and drew graphs and curves. Thursday we had a quiz on what we learned Tuesday, which I though was easy. I really understand the whole demand thing.
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