Principles of Microeconomics: Taxes, Elasticity, and Tax Incidence
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YouTubeScott W. Hegerty
Principles of Microeconomics: Taxes, Elasticity, and Tax Incidence
Taxes can be used to influence behavior and to raise government revenue. The costs, changes in quantity, and welfare implications of a tax are drawn on a Supply and Demand graph. Tax incidence--whether producers or consumers pay more of the tax are compared for inelastic and elastic demand. More information is available at bit.ly/2yO4GUS .
6.2K viewsJan 6, 2022
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