ExciseTax Practice- Supply and Demand

My 60 second explanation of how to draw and excise tax (a per unit taxes on producers). You calculate the tax revenue, spending by consumers and revenue to firms. The bonus round shows shows what happens to consumer's surplus and producer's surplus and explains dead weight loss.  Please keep in mind that these clips are not designed to teach you the key concepts. These videos are a review tool to help you better understand what you learned in class.  

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• #economics