SAXO6 - Demand and Supply (Daylight Cover) lyrics

Here we are learning, learning economics It's demand and supply We knew you think it's hard We knew it all along Don't worry here we are * Supply is how much producers are able to offer Demand is the amount of products that consumers are willing Reff: And when the price up, the demand goes down The supply will always be increasing And when the price down, the demand goes up The supply will always be decreasing OOHHH~~OOHHH~~OOHHH~OHHHH~OHHHH OOHHH~OHHHH~OHHHH Elasticity, measure the quantity of the good price factors Equilibrium, when supply interacts with demand in a way * Supply is how much producers are able to offer Demand is the amount of products that consumers are willing Reff: And when the price up, the demand goes down The supply will always be increasing And when the price down, the demand goes up The supply will always be decreasing OOHHH~~OOHHH~~OOHHH~OHHHH~OHHHH OOHHH~OHHHH~OHHHH If only the price that change the quantitiy of the goods Ceteris Paribus... And if all the other things are considered as constant it's called Ceteris Paribus... Reff: And when the price up, the demand goes down The supply will always be increasing And when the price down, the demand goes up The supply will always be decreasing And when the price up, the demand goes down The supply will always be increasing And when the price down, the demand goes up The supply will always be decreasing OOHHH~~OOHHH~~OOHHH~OHHHH~OHHHH OOHHH~OHHHH~OHHHH