Taxes and who really pays them
Take notes from the slide show viewing slides #1-16. View the videos to help reinforce the notes.
1. Define an excise tax.
2. Draw the market for a particular good pre vs post tax.
3. Understand what tax incidence means.
4. Be able to calculate dead weight loss, consumer surplus, producer surplus and tax revenue by looking at a graph for that good.
Source: You Tube
