Thank you sooo much!! Ugh why is this so much easier to understand for free than the actual person that im paying in college.

You managed to teach me more in 7 minutes than hours I spent on my professors material. Thank you!!!!!

im now studying MICROECONOMICS for my exam tomorrow . I find this really help me . Thanks a LOT !

Truly grateful. This is so easy to understand, spent 3 days trying with integration, and 3 hours of lecture in college. Here it took 7 mins. God bless u.

Thank you so much. My teacher went over this extremely quickly in class, making it hard to keep up. Now, I understand everything after watching your simple example. :)

Your video lectures on statistics got me a solid grade in my intro to statistics class. Same with your microeconomics. I'd love to see you take on macro-economic principles as well!

Great video, i'm taking Microeconomics online and i had to figure this out in a book so it was harder to understand by just reading it. visually seeing how to do it is so much better.

This helped so much with my assignment! thank you:)

wow. i believe in miracles now. Thank you for being a better teacher than my textbook.

My professor's entire lecture condensed down to 7 min and it's somehow more understandable. Thank you

Assalamu alikumm sir. Thank you so much for this video. It helps to understand how to calculate incidence of taxation easier ❤️. We want more videos like this ❤️❤️❤️.

This has enabled me master almost everything before stepping in a class,courtesy of the ongoing lecturers` strike in Kenya

In animated way the illustration is very understandable but the sequence you maintain in the video is awesome.

You explain everything so nicely and smoothly. This was really helpful, thank you!

Thank you for your fantastic video on how to determine who bears the burden of tax. You have been immense help! Thumbs up emoji :)

You've actually explained this while other videos just discuss it THANK YOU

thanks a lot, years later I can still get the benefit of this video.

Thank you! You have helped me to figure tax incidence much easier than my professor herself could

oh my god i read the book and it was so so hard to understand, thank you for this video! it truly helps me understanding why it works this way!

This was a very relevant thing to help me catch up with relearning the tasks before my exam. Thank you!

You are very welcome. I hear that from students a lot, they get confused in class. I have always thought economics lends itself to animation. Good luck in your studies too! Make sure you like MyBookSucks on FaceBook (see link in video description). This will help others find the educational videos.

The best video so far and I have watches many of them. The best explanation!!! Thank you.

Hey!! Your video is great and it has helped me grasp this concept easily. I need to write a research paper as below: The impact of sales tax on the consumer depends on the elasticity of demand and supply. State three products in Canada that are subjected to sales tax. Who bears the burden of these taxes? Why? If necessary illustrate with diagrams. For this question, I have chosen 3 products as gasoline, cigarettes and alcohol as there is much to research and write about them..... (continued)

Thank you so much, You have no idea how much this video helped me prepare for my test. I'm going to ace it. :)

These videos are extremely helpful. Thanks. I appreciate it a ton!

this is so helpful for me i need more to prepare for my exam 1st june. thank you waiting for more videos.

Thank you so much! I didn't think it would actually be this easy to do. This really helped me with my homework.

5 shitty econ professors didn't like the fact that this video is more useful than they are

please please Please. Add more videos on various Topics related with Economics. You are awesome.

thanks man, you saved my life! tomorrow is my final and i finally understand it.

That is a good idea -- to do the same type of analysis using equations and not just graphs. I don't have that done yet, but plan to in the very near future.

Thank you for the compliments. I do have some videos on Monopolies. If you go to the channel statisticsfun, then you will see a playlist on monopolies. KZfaq does not let me add links.

Thanks man...Really helpful Love from Africa ❤❤

mission accomplished thanks my 007.....it has been real burden, i appreciate your works

Still helpful after 9 years

who are you? you are God

this came to my rescue, its all so simple now, thank you!

Good question. I have an entire playlist on elasticity. I added a link to that playlist in this videos description. Hope that helps.

The best explanation of the tax burden!!! Thanks..

David Longstreet , thank you for helping me with economics today.

thanks dude, great graphics and really well explained

Hey I have seen many videos of your including statistics also. Must tell u..ur doin a great job thnks. Keep uploading! M gona subscribe it.

You've done a great job keeping this simple! Cheers!

YOU ARE SO MUCH MORE AWESOME THAN MY TEACHER!!! thank you so much!!!!!

Great videos, they help a lot. My one request would be that you include some intuition behind these trends (e.g. inelastic products have the highest consumer tax burden because their quantity demanded remains constant).

Yes, that is a good idea and interesting for me to consider. You are referring to "Capital Market Equilibrium", right? I do have a lesson with "Edgeworth Box" which sort of gets to your question. You can search the channel economicsfun to find the video.

Thank you so much this really helped me. I was wondering what a perfectly elastic demand would look like?

I wonder how people can dislike this it is amazing

thanx so much. u've made it simpler and fun

Great to hear and good luck 007!

That is wonderful to hear. Good luck in your classes too. By the way, where do you go to school (country?)

Damn I wish lectures went like this. Straight forward modules

Supply is impacted because producers have to charge a higher price (price + tax). In this case it is a $3 tax above the market equilibrium price. At a higher price quantity demanded is less. The producers (or supply) actually on gets $6, so they are willing to supply less.

Thank you so much :) I got confused in class this cleared things up for me

Thank you for the crystal explanation of this topic.

when you're a mechanical engineering student and your econ elective barely makes a dent in your brain.. Thank you for your help kind sir!

I found the Video very educating and helpful. But at the same time i would like to pose to you this question. How do you explain the impacts of tax on consumer surplus when the supply curve is constant or horizontal.

Cannot just believe that this was explained 11 years ago

another option would be transportation (airline tickets are heavily taxes), gasoline (if you drive), train tickets, or even a bus ticket. These are all modes of transportation that are taxed.

You are very welcome. Make sure you like MyBookSucks on Facebook (you can see the link in the video description). This will help me spread the word about the free videos.

You are very welcome. I appreciate your feedback and it is much appreciated. If you have not done so, make sure you like MyBookSucks on Facebook (see link in video description). This will help others find the educational videos. Good luck in your courses too!

thank you for helping me not fail my ap econ exam tmrw

Oscar, I am not sure I understand your question. The actual calculation would depend on the elasticity of demand and how sensitive demand is to changes in price. If demand is inelastic, then a tax will have little impact. If demand is elastic small tax will have a large impact.

Elastic products are products that have a lot of choices, such as cell phones these days. Another good choice would be wine. While alcohol is regulated and taxes wine is elastic because there are so many choices and no one firm dominates the market.

This is so nice, what of when the supply is elastic

I love this channel! Great videos! Super helpful

Sounds like the guy from burn notice... good vid thanks :)

This video provides a helpful tutorial about calculating total revenue from taxes and graphs for excise tax.

Would it be possible to post a lesson regarding capital investment between two countries using a graph, and demonstrating the gains and transfer of benefits? As well as a graph which demonstrates what happens when the government puts a tax on foreign investors' capital?

Thank you so mcuh for this helpful video ⭐️⭐️

You are an angel!

Hi sir, wish u are doing well. I have given a question that is how taxes on buyers and sellers affects market outcome? If the demand is perfectly inelastic, perfectly elastic, elastic and inelastic.

This is so useful! Thanks a lot❤️

Thank you so much! This video helped me a lot!

pls answer me for this questiontax on alcohol is the most effective way to reduce alcohol abuse in our society. Do you agree or disagree? Explain why or why not.through the demand and supply curve

Great explanation! Thank you so much!

u slayed so hard with this video!!!!!! :)))))))

extremely clear. very good

Awesome video. Thanks!

I just want to ask when the government impose taxes policy, why we shift the supply curve instead of demand curve

great video, thanks man.

Thank you. Great video.

VAT is going to be split between consumers and producers. VAT is just another form of retail tax. Too much VAT will causes prices to be higher and thus less of a product or service will be demanded.

Hi quick question, how did you know price went up from 8 to 9 in the first example? Like is there math involved in that or is it because the numbers on the graph tell you

You are very welcome. Make sure you like MyBookSucks on FaceBook (see link in video description). This will help others find the educational videos.

very well done, you should run for president

Hi, I have a question like this and I can't figure out the answer, "90% of the tax the government imposed on good x was successfully passed on to consumers by the company." I think is a relatively inelastic demand, but I am not sure. Could you help me, please?

If a tax is levied on the consumer, would the tax be added to the demand curve? or is it still added to supply?

you are the best!

You are amazing !

This helped me so much!

Hello, what happenes in the case of VAT? isn't VAT indirect and supported entirely by consumers? so if equilibrium price is $8 and VAT is let's say 10% the new price will be 8.8 so who bears 0.8? how can this be represented?

the more inelastic demand is the less the dead weight loss from the per-unit tax. can you explain why?

hi i have a question. if the retail price of cigarette is $15 and $6 is retained by supplier and $9.00 is tax. where am i gonna start? which is my equilibrium price?

What determines the math behind the burden the producer and consumer have? Why is it like it is? Why is it optimal for the consumer to only pay 1/3rd and the producer 2/3rds?

But they are all inelastic. Do you have an elastic products in mind that I can do a lot of research on and explain it based on how it affects any government like Canada?

What about cycles? With one inelastic demand and one elastic demand which are variable or moving along the horizontal or vertical you will get limit cycles, and how would taxes be affected? Also how is speculation modeled in this? Possibly with one isocline for actual supply and one for inflated supply. How can someone account for when the speculation price will likely crash? I don't understand why economics is not teaching these kinds of ideas because the students are being indoctrinated to unrealistic short term worldviews based on the use of incomplete math applications.

Can anyone provide me a rational explanation for the following question or on what perspective this should be answered. Why will government raise more tax revenue if it applies a tax to a good with inelastic demand than if it applies the tax to a good with elastic demand? Is it because of comparatively smaller dead weight loss, or what?

Thank you very much, I have a question for this if you could help me that would be great. I have a start equilibrium price of 5 and equilibrium quantity of 4, we are told that the government now levies a per unit tax, the impact of which is to reduce the supply of the good at any price by 3 units. The new equilibrium price is 5.5 and equilibrium quantity is 2. How can I estimate the consumer and producer burden? Is this OK? consumer burden (5.5-5)*2 =1 producer burden (5.5-4)*2=3, I have doubt with the producer burden. Thank you very much

God really bless you