Extra Credit Assignment
Lyrics:
This is Economics,
There's a lot to learn.
It's not all about supply and
Demand curves, my friend.
With the short and long run in effect,
There is truly much to teach.
Mister I'll make an economist out of you.
Price Elasticity
Of demand my friend
Percentage change in quantity demanded, over percentage change in price
There's the easy way, midpoint method, even the minus sign
Somehow I'll make an economist out of you
Elasticity on Demand,
Is not constant along the curve
Boy, but there is a luxury that I want.
Share of income spent on the good,
Perfectly elastic all or nothing
And that time determines elasticity
And learn how the stock market functions too,
Why the U.S. is in debt over 10 trillion,
With the rising debt and the GDP ratio,
Mysterious as the dark side of our market
With costs of taxation
There is deadweight loss
With so much unneeded
Excess burden
Reductions in consumer surplus do not help us at all
How could I make an economist out of you
And learn how the stock market functions too,
Why the U.S. is in debt over 10 trillion,
With the rising debt and the GDP ratio,
Mysterious as the dark side of our market
(x2)
ROCK AND TROLL!!!
darkseancedrummer 3 months ago
@darkseancedrummer woop woop!!
lilv593 3 months ago