Calculating the Effects of a Specific, Indirect Tax
This video lesson is for IB Higher Level students or anyone else learning about linear demand and supply equations. We will apply linear equations to calculate the exact impact of an excise tax on cigarettes, determining the new equilibrium price and quantity, and calculating the amount of tax paid by consumers and by producers. Want to learn more about economics, or just be ready for an upcoming quiz, test or end of year exam? Jason Welker is available for tutoring, IB internal assessment and extended essay support, and other services to support economics students and teachers. Learn more here! http://econclassroom.com/?page_id=5870
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