@shanghongcao 6 жыл бұрын
Thank you for your video. When the tax is increased from $12 → $24, the new supply curve becomes Qs= 6P-344. The new equilibrium point with the demand curve is (P=243, Q=1,114). The new tax revenue is: 24*1114=$ 26,736 The tax revenue is indeed increased from $13,584 to $26,736 when the tax rate is increased from $12 to $24, but not yet doubled.
@arnoldhite 6 жыл бұрын
Tax revenue will never double since equilibrium quantity will always fall. If you pick a unit tax high enough, the tax revenue will actually fall. You can work out the math or just see it visually. If the unit tax is high enough, equilibrium price will be extremely high on the demand curve with very little quantity.
@zeddiversity1585 2 жыл бұрын
Great lesson. Thank you 🙏👍
@SeemaSingh-if5pz Жыл бұрын
Nice explanation 😊 thanks for your explanation ☺️☺️🙏🙏
@amantekle127 4 жыл бұрын
Wonderful video. Thank you!
@ayeshahs.9468 5 жыл бұрын
Thanks ... please discuss also inelastic & elastic conditions.
How to Calculate Producer Surplus and Consumer Surplus from Supply and Demand Equations | Think Econ
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