This Excise Tax Practice video also includes:
How do consumers and producers both pay part of an excise tax, and how does the tax shift prices and quantity? This economics teacher demonstrates how to use a graph in order to answer these questions, as well as how to calculate tax per unit, total tax revenue, spending by consumers, and net revenue.
- Instructor moves quickly through material, so pause during whole-class instruction or assign as a flipped classroom resource so learners can move through video at their own pace
- Queue up the video prior to class to skip third-party advertisements
- Also incorporates review of the concept of dead weight loss