Demand, Elastic, Quantity... Confusing? Maybe a Little.

This week we actually had a whole week of school! It was surprising. We got to finish up our ad campaign for wednesday's class. My group ended up winning, which was awesome :) I enjoyed making these and thought that they were a good experience in order to fully understand the way that the major 6 factors of demand change the quantity demanded of certain products. For our ads, the increase in demand meant increase in tourism and visitors, even residents. We wrote our essay reflecting on our ads and I think that I explained myself pretty thoroughly. Aside from the projects, we continued to look at different elastic and inelastic products in the market and how when the price changes, the demand either changes widely (elastic-- like a rubber band that stretches) or changes minimally (like a stiff rubber band that breaks and is old that no one likes). The demand curves and schedules were put into practice many of times to find out how price affects the quantity demanded. We also practiced the equation to figure out elasticity, which at first was a little intimidating, but I think we all got the swing of it. I am feeling a little anxious for the quiz today, because I sometimes get terms confused, especially when it comes to "quantity demanded" or just demand in general... like something just doesn't click for me in there kind of. But I think I can get it down by the time third block comes around on Friday! Good luck to everyone on the quiz!