EconGoneCountry

Supply and demand with a twang

Title: Rich

​Artist: Maren Morris

Economic Concepts: Money; Fiat money; Demand; Normal goods; Inferior goods 

Details: Consumption patterns depend a great deal on income.  For most (normal) goods, when income rises, demand increases.
Conversely, demand decreases for inferior goods when income rises.  In "Rich", the woman in the song imagines what she would purchase if she were wealthy.  This song gives us a good example that as income rises, the demand for these normal goods will rise.  "Benz in the driveway, yacht in the water.  Vegas at the Mandarin, high roller gambling. Me and Diddy drippin' diamonds like Marilyn."  You can also use this song to ask your students about the three functions of money.       

Lyrics: 
If I had a dollar every time that I swore you off
And a twenty every time that I picked up when you called
And a crisp new Benjamin for when you're here then gone again
And a dollar every time I was right about you after all

Boy I'd be rich, head to toe Prada
Benz in the driveway, yacht in the water
Vegas at the Mandarin, high roller gambling
Me and Diddy drippin' diamonds like Marilyn
No, I wouldn't be drowning in all your IOU's
Every promise you made me would have some real value
'Cause all the little lies rolling on your lips
Is money falling from the sky (ka-ching, ka-ching) shit I'd be rich
La la la di da
I'd be rich
La la la di da

If I had a dime every time that you crossed my mind
Well I'd basically be sitting on a big ass pile of dimes
And all the times that you make my heart feel cheap I might as well have won the lottery
All of this pain and me cursing your name would just turn into dollar signs

'Cause I'd be rich, head to toe Prada
Benz in the driveway, yacht in the water
Vegas at the Mandarin, high roller gambling
Me and Diddy drippin' diamonds like Marilyn
No, I wouldn't be drowning in all your IOU's
Every promise you made me would have some real value
'Cause all the little lies rolling on your lips
Is money falling from the sky (ka-ching, ka-ching) shit I'd be rich
La-a-a-a-a-di-da
I'd be rich
La-a-a-a-a-di-da

Told myself I wouldn't do this again
But how much you wanna bet I'mma do this again?

Rich, head to toe Prada
Benz in the driveway, yacht in the water
Vegas at the Mandarin, high roller gambling
Me and Diddy drippin' diamonds like Marilyn
No, I wouldn't be drowning in all your IOU's
Every promise you made me would have some real value
'Cause all the little lies rolling on your lips
Is money falling from the sky (ka-ching, ka-ching) shit I'd be rich
La-a-a-a-a-di-da
I'd be rich    ​​​​