Thursday, March 13, 2014
What we learned this week.
This week we learned about Math and the pain it can inflict on the mind. We also learned that elasticity is weird, such as how the factors of income and market size can greatly influence how many people buy a certain amount of something. This will help us in the learning process by giving us something to measure profits with.
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This week basically was all about boring old math haha. Elasticity can be very uuseful though and can tell an owner whether or not they will gain more profit if they lower/raise prices.
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