Government intervention - indirect taxes

[@whitejacked8940]

This man is a genius

[@jasonpan2371]

This is so clear!! I tried so hard learning it and I guess it worked here!!!😊

[@hansandreaslindgard6292]

This was very helpful for my mock tomorrow

[@malisaac6439]

yo how did you do on your mock?

[@tarunika935]

[@krupathakkar4384]

Awesome videos

[@dapaaaa_]

at the end of the video you mentioned the burden depends on the PED. If the product is ineslastic do consumers tend to have more burden as they will buy it no matter what? How about elastic is it the producers that have more burden? Thank You

[@ibeconguru]

If demand is more inelastic than supply, then the tax burden will be larger for consumers (PED < PES).
If demand is more elastic than supply, then the tax burden will be larger for producers (PED > PES).

[@ibeconguru]

Also, keep in mind, products themselves are not ‘elastic’ or ‘inelastic’, we use those terms to describe demand and supply, not the product itself.

[@farhanzolkeflee6583]

Thanks dude! Appreciate your videos👍🏽👍🏽👍🏽👍🏽👍🏽👍🏽

[@anthonyashton9198]

Super clear! Thank you.

[@redpenwithoutcap]

there is a video hidden

[@ibeconguru]

Yes I have hidden videos in playlists that are no longer part of the syllabus.

[@olalejcus2946]

thanks man

[@ibeconguru]

Thank you very much! Please consider supporting the channel and becoming a member: bit.ly/ibeconguru