May Ball

Torquay is a beautiful city, I like it, even though the environment or citizen there.

This is a good experience to joined the ball, actually, this is my first time to join a ball like this. Every body is cool, and some body are very tall , hehehhe....

Mr Chris why you not to go,,,so good, you need to see how a fantastic dancer Robin are........

now,,,May ball was finished , I start to revision very very hard:)

after exam

Today we finished our business exam, I thought unit one is easier than unit 2, firstly because of the time and then I think because of my knowledge of unit 2 ,But I was try my best, hope I can get a good grade that I think it is satisfy, maybe B or C, and unit 2 I just hope higher than U, because I know I will get a bad grade of unit 2.
Now I will prepare the next exam, and I will try my best to get a maximum marks.
Mr Chris, I am miss you so much...:)
I want to continue to study business at next term.....

answer

1. b
2. d c
3. b
4. a
5. b
6. a c
7. a
8. b
9. c d
10. b c
11. c a
12. d a
13. d a
14. a
15. d
16. c b
17. d c
18. c d
19. d b
20. b
21. c
22. d b
23. d b
24. d c
25. d c
26. d
27. d
28. b
29. b
30. b d
31. b
32. a
33. d a
34. d
Explain the difference between a change in demand and a change in quantity demanded. What leads to each of these changes?
Demand is how much is bought of something based on a price. It indicates how much it is needed or wanted.
Quantity demanded is the total amount of goods which individuals want and are able to buy. This is important in economics, because supply and demand decide how much of a good will be bought and sold. It is the amount of goods that people want to buy at a given price.
Demand would be the whole curve. Quantity demanded is the amount of the good consumers are willing and able to buy at a certain price. If the price changes, you simply move along the demand curve.
What lead to each of these change:
1. demand :
 income
 taste
 the price of substitute and complements
 interest rate
 consumer population
 seasonal/time
 currently economic situation
 consumer’s confidence
2. Quantity demanded
 division of labor
 change in price
 income
 taste
 the price of substitute and complements
 interest rate
 consumer population
 currently economic situation
 capacity
 productive efficiency

Therefore if income rises the SLOPE (gradient) of the demand curve changes...to the right.，

Income effect the demand elasticity, because demand of consumer is basis on their purchase ability, for example, if income per capita reduced, they may do not want buy some luxury goods like before. But if the goods is essential ,like food, or drink, there are not a big change in demand. so change in income leading to change the demand, but depends on price elasticity of demand.
Let’s talk about the elastic curve:

1. Perfect elastic:
generally, the good which has the perfect elastic demand which means the demand still change even though the price change or not. So here, I think the demand curve will not change.

Elastic:
Also this depend on the types of goods . For example, when income rise the demand of inferior good may reduce, so the demand curve may shift to the left, and if the goods is luxury goods, the demand may shift to the right, and normal good may expansion.


3. Perfect inelastic:
Not change, because the demand of this goods is inelastic which means does not matter the price change, but I think he size of change in price will effect demand.

4. Inelastic.
Depends on different types of goods, but I think it most likely to contraction, some of then will shift to the right, for example Giffen goods.

Happy birthday to dear Mr chris and siyi

happy birthday Mr chris,,,hope you every thing will be fine for example,,,,lose weight.....get more handsome,,,get a good hair style.......
thanks for your helping this and last year,I am very glad to meet you ....you are my favourite teacher,,,hahahahahhahahaha....................
siyi,,,,,Happy birthday,,,,,same day as Mr chris.....good good......ok,,,,,,,,
siyi,,,,beautiful girl...hahha
siyi hope you happy everyday..
find a boyfriend when you 17 yeah????
okok,,,tonight,,I will cook delicious food for you.......hahaha
加油啦，，，，，一起加油！！！