EconGoneCountry

Supply and demand with a twang


​Classroom Polling

Title: I Hold On

​Artist: Dierks Bentley

Economic Concepts: Supply and Demand; Income; Normal goods 

Details: A man places great personal value on items that have been important to him during his life such as his guitar and truck.  His friends tell him that since his income has increased he should buy a new pickup.  In economics, income is one of the determinants of demand.  When income rises, the demand for normal goods, which includes items such as automobiles, will increase.  However, because of the sentimental value attached to his truck, he "wouldn't trade that thing in for a rocket".     

Lyrics

Its just an old beat up truck
Some say that I should trade up
Now that I got some jangle in my pocket
But what they don’t understand
Is it's the miles that make a man
I wouldn’t trade that thing in for a rocket
What they don’t know is my dad and me
We drove her out to Tennessee
And she’s still here and now he’s gone
So I hold on

Its just an old beat up box
It's rusty strings across the top
It probly don’t look like much to you
But these dents and scratches in the wood
Yea that’s what makes it sound so good
To me its better than brand new
You see this here flat top guitar's
Had my back in a million bars
Singing every country song
So I hold on

To the things, I believe in
My faith, your love, our freedom
To the things I can count on
To keep me going strong
Yeah I hold on, I hold on

Like the stripes to the flag
Like a boy to his dad
I can't change who I am, right or wrong
So I hold on

Baby lookin' at you right now
There ain't never been no doubt
Without you I'd be nothing
So if you ever worry about, me walkin' out
Yeah let me tell you something
I hold on, I hold on
Can you hear me baby, I hold on
Yeah, I hold on

To the things, I believe in
My faith, your love, our freedom
To the things I can count on
To keep me going strong

To the things, I believe in
My faith, your love, our freedom
To the things I can count on
To keep me going strong
Yeah I hold on, I hold on
I hold on
I hold on and on and on and on and on
I hold on and on and on and on and on