taxing candy bars is unpopular, but this model suggests things like Soda taxes would be effective at doing what they're designed to: reduce consumption and sales.
@Are69410 жыл бұрын
Couldn't ask for a better explanation :) Thank you.
@ProttutponnomotiOfficial5 жыл бұрын
Beautiful explanation
@ramibecharalebfr9 жыл бұрын
What you finally said about cigarettes and decreasing consumption is nor very right. The constant consumption is highlighted in the inelasticity of demand. As a result, if people do really quit smoking due to taxing then the curve is going to shift making taxing cigarettes less profitable. Finally we can say that the government rides on the cigarette surf.
@LucisFerre18 жыл бұрын
+rami bechara The demand curve doesn't change, ergo inelastic. However the QUANTITY demanded does change due to price.
@serialglobetrotter8 жыл бұрын
Quantity demanded for candy bar reduces from 16 to 17 or 7 ? in case of tax
@ayubayub53197 жыл бұрын
Hi Prof In this video, how come the Qd move from 16(thousands) to 17 (thousands) as sales tax rises 2% causing Supply curve shifts to its left mean decreases. So should not the new equilibrium quantity be between 5 to 10 Or(7 thousands )? please clear it.
@japhetdale4808 Жыл бұрын
Thank
@LucisFerre18 жыл бұрын
Prof Welker. I know you have your own website, but when you post youtube videos and talk about the "previous video" and "in the next video" would you mind either naming the video title, OR including the video link in the description? Thank you.
@JasonWelker8 жыл бұрын
+LucisFerre1 I often do. but you can also subscribe to my channel and see all the videos in the correct order in their playlists.
@LucisFerre18 жыл бұрын
***** Thanks. You are, hands down, the best and clearest econ professor I've ever experienced.
@BUBALAJOLIE512 жыл бұрын
much better and well explained am a fun....
@serialglobetrotter8 жыл бұрын
which was the previous video? :-o
@JasonWelker8 жыл бұрын
In the Playlist
@serialglobetrotter8 жыл бұрын
Well this is the first video in the "Government Intervention" playlist ! :-( can you please tell me if I am missing any video?
@JasonWelker8 жыл бұрын
+serial globetrotter check out the elasticity playlist...
@serialglobetrotter8 жыл бұрын
Ok thank you :-)
@albertomarchiorello6926 жыл бұрын
that fuck is the beginning song, love it pls tell me the name
@sanjithsaravanan84693 жыл бұрын
hey! who told that candy bars arent addictive ... i'm evidence that candy bars are injurious to health ! :D