Excise Tax Practice

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.

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CCSS: Adaptable
Classroom Considerations

  • 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
Pros

  • Also incorporates review of the concept of dead weight loss
Cons

  • None
Common Core