The Effects of a Per Unit Tax - Inelastic Demand

This video lesson explains how a specific excise tax will affect the equilibrium price and quantity in the market for cigarettes. We will also explain how the tax burden is shared by both producers and consumers, and the portion of the tax born by consumers depends on the elasticity of demand for the product.

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Видео The Effects of a Per Unit Tax - Inelastic Demand канала Jason Welker