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.

Couldn't ask for a better explanation :) Thank you.

Beautiful explanation

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.

Quantity demanded for candy bar reduces from 16 to 17 or 7 ? in case of tax

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.

Thank

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.

much better and well explained am a fun....

which was the previous video? :-o

that fuck is the beginning song, love it pls tell me the name

hey! who told that candy bars arent addictive ... i'm evidence that candy bars are injurious to health ! :D

candy bars are unhealthy too tho