Description of how taxes operate in a competitive market and the effects on consumer surplus, producer surplus and social surplus using supply and demand diagrams.
good explanation, it was helpful. Now i need to see how inelastic/elastic demands and supplies change the amount of tax that the consumers or producers pay.
Explaining where the tax revenue goes and that no one actually gets the dead weight loss really makes things clear, it's not obvious to people that haven't taken econ b4 so thank you.
I don't know why no one has commented on this, but thank you for making this video. I was ill this day of class and I missed it, but this video was a quick and informative way of explaining it.
good video!
kopk888 5 months ago
Thank You SO Much! This Video Really helped me on my problem sets
iChange2Much 7 months ago
great job man, clearly explained and illustrated.. keep it up!
spoonification 8 months ago
good to hear the aussie voice champ
lbc723 9 months ago
handy vids mate, got my exam 2morrow, just the reminders i needed XD
TheDring44 9 months ago
i know i am a year late, but you just saved me from a test i got tomorrow, thanks!
Rickman112 10 months ago
u rocks!!!
knickykeekgal 1 year ago
good explanation, it was helpful. Now i need to see how inelastic/elastic demands and supplies change the amount of tax that the consumers or producers pay.
Gloc1337 1 year ago
Explaining where the tax revenue goes and that no one actually gets the dead weight loss really makes things clear, it's not obvious to people that haven't taken econ b4 so thank you.
flinagin 1 year ago
I don't know why no one has commented on this, but thank you for making this video. I was ill this day of class and I missed it, but this video was a quick and informative way of explaining it.
Sakito13 1 year ago