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elisha krogstad, aj topete - ap economics project lyrics

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[chorus]
we are coming to your door cause
each day we’re learning more we
can’t wait to learn econ with
raisin

but today the tables turn cause
we’ll teach you how to discern
between supply and demand with
benson

[verse 1]
the law of demand says a higher price for a
good or a service leads the crowd to less like and
demand for that good or service in less quant-ty
long as all other things keep continuity

let’s say you’re graphing the demannd curve of shoes
things called determinants forces a move
depending on the change of the demand will
affect the determinants that are at hand

if the consumers’ income has a change their
demand of shoes will also rearrange
same as with the population of buyers and
tastes and preferences and also their styles

buyers future expectations can also change
their responses and demand to make an exchange
but don’t forget the price of a good related
will shift the curve like the other determinants

[chorus 2x]
we are coming to your door cause
each day we’re learning more we
can’t wait to learn econ with
raisin

but today the tables turn cause
we’ll teach you how to discern
between supply and demand with
benson

[verse 2]
the law of supply says an increase in quant-ty
supplied for a good or service entirely
will cause the price of the product to rise as
long as all other things keep stabilized

you could say the law of supply has things that are related
those things being price and the quant-ty, get it?
when price goes up, so does quant-ty
represented by the supply curve on a graph

let’s take it back, to the past
when we weren’t talking so fast, when we rap
and let’s talk about determinants
specifically shifting the shoes’ supply graph

a change in the price of the resources and inputs
number of sellers and possible alts. not took
expectations of future profit and the technology
government action like taxes and subsidies…
… are the only six determinants that will shift the supply curve. change in price isn’t one of them

[chorus 2x]
we are coming to your door cause
each day we’re learning more we
can’t wait to learn econ with
raisin

[outro]
raisin nos dice que leamos el libro

- elisha krogstad aj topete lyrics

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