The Effects of a Per Unit Tax - Elastic Demand

In this video we examine the effect of an excise tax on a good for which demand is relatively elastic: candy. Since candy consumers are responsive to price changes, producers will bear most of the burden of a candy tax. Also, such a tax will be highly ineffective at raising government revenue, and is therefore probably a bad policy.

[ayubayub]

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.

[Are]

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

[serialglobetrotter]

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

[LucisFerre]

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.

[ramibecharalebfr]

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.

[BUBALAJOLIE]

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

[albertomarchiorello]

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

[sanjithsaravanan]

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