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.
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.
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.
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.
+rami bechara
The demand curve doesn't change, ergo inelastic. However the QUANTITY demanded does change due to price.
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.
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.
+LucisFerre1 I often do. but you can also subscribe to my channel and see all the videos in the correct order in their playlists.
*****
Thanks. You are, hands down, the best and clearest econ professor I've ever experienced.
much better and well explained am a fun....
Thank
which was the previous video? :-o
In the Playlist
Well this is the first video in the "Government Intervention" playlist ! :-( can you please tell me if I am missing any video?
+serial globetrotter check out the elasticity playlist...
Ok thank you :-)
that fuck is the beginning song, love it pls tell me the name
candy bars are unhealthy too tho
hey! who told that candy bars arent addictive ... i'm evidence that candy bars are injurious to health ! :D