this week

A slow week. We learned about change and the different types of elasticity. We learned that there are six different types of factors that can change demand. They are income, consumer taste, market size, consumer expectations, substitute goods, and complementary goods. We learned about two different graphs. One graph shows a change in the quantity demanded and the other is a change in demand. To tell the difference from the both of them would be the change in quantity would be shown as a move along the demand curve. The other is a shift. Elasticity is a change in price. Elastic is when there is a large change in the quantity. An example would be simple things such as clothes. Inelastic is when there is a smaller change in quantity. Example for this would be insulin.
Learning wasn't the only thing we did this week. We did an advertising campaign for Weserville. We did a radio broadcast, a television commercial, and a newspaper article. That's about it.