indirect taxation

a look at how unit, specific and ad valorem taxation affects price and quantity and why the relative elasticities of demand and supply impact the distribution of the incidence of the tax

[@charlierow6]

Doing some last minute revision, and i totally understand taxation. Thank you Paj yet again, God of Economics.

[@TheJazmander]

the two dislikes are both my economics teachers due to jelously of your superior knowlege and teaching ability. Keep up the good work.

[@GenghisVern]

This is actually quite a relaxing video. No politics, just truth.

[@taniesha945]

literally the best economics teacher ever

[@rainingonshinygrass]

Thank you so much for taking the time to create and upload these videos - it really helps!

[@PertinaciousGeek]

Really love your channel, I'm a distance learning student doing Economics A levels at the moment and your channel has really helped me out. Thanks!

[@renaissancesun]

Thanks for posting these videos. My Microeconomics professor is great, but he talks too fast sometimes and I don't have time to process what he is saying. This has been great back-up for me. I wish I had found your videos earlier in the semester.

[@stephano1990]

This was a lot clearer to me than the explanation from my book and my professor! Thank You!

[@samtnp]

Thank you very much, I have an econ test tomorrow and this really cleared a bunch of stuff up! thanks

[@shainaversi3343]

You're saving my A levels sir. Thankyou so much 😊🙈

[@asswiped8866487]

I told my class and teacher that after showing this video. We should all stop paying to be taught economics. Paj has all the answers

[@BitcoinUltra]

You're awesome. You make things that are complicated, sound so easy afterall!

[@justwant2getfit]

wish i could click love instead of like. dude ...you are a life saver ..keep the good work up ...!!!

[@tathagat91]

Simple and concise. Really helpful. Thank you so much.

[@enigma661]

Very informative. Do continue to post such videos.

[@shambooee2]

Thanks Paj, i missed my economics lesson on this so this was very helpful since my exam is tomorrow!

[@ulrichstern8943]

Very clear and concise. Great lesson!

[@InstTaxSolutionsLLC]

Thank you for the helpful video on the relative elasticities of demand and supply.

[@thunt2539]

So helpful. Thank-you very much.

[@sambranston6586]

love it, so interesting

[@manishaupadhyay9742]

Thank you very much sir :)...you explained it in very easy manner.

[@cheepsheep]

Thanks for your Vids. very helpfull and easy to understand. You helped me before a test. :)

[@temitopeakintola1177]

Simply awesome.

[@orlandotaxattorney]

Great very informative about tax.

[@pajholden]

No, a subsidy causes the supply curve to move the other way, since it lowers costs of production. That said, given the price change is felt by consumers and the rest of the subsidy is absorbed by producers, the two 'rectangles' are indeed the other way round...

[@Pillowuyen]

Great explanation!! Helped me understand it so much more! ^^ thanks

[@shilshah1]

you are very good at explaining

[@Teretereteresita]

AWESOME! I got it! This is very helpful! Just wondering if you have a video for calculation of the Tax incidence using Ln, Total differentiation and Limits :))?

[@byHazuL]

My hero

[@danielunger7513]

very helpful, thanx Paj. Evrything you said was in the exam. ;)

[@MagicFireDragon66]

Thanks for a great explanation!

[@rhealizgeorge]

Amazing ! you are a star :)

[@blastor8or]

I was thinking as I watched that, not only is this indirect taxation is there not also indirect inflation, as a producer woud I really absorb this tax or pass it on through rising production cost,thereby resting the whole of it on consumers ?

[@kerrrberr]

thanks so much PAJ nuff love to you for this video

[@bowlste]

i wish i could employ you at my school! where do you teach? Economics AS unit 1 module tomorrow and these vids are really doing the trick!! thanx

[@TheLover4you]

G8 video . Thank u

[@HairDare]

Great vids! Thank you!

[@TheSimplylk]

like your chanel , its so useful. Would you be able to explain ( or add a vedio ) on the tax incident when the supply is perfectly inelastic , perfectly elastic and when the demand is perfectly elastic. ( also the similer kind of a explanation for the subsidy when the elasticities are as above ) thanks so much :)

[@johnharlow7697]

Thx, my teaches fade into insignificance compared to you.

[@sharrukhahmed]

awesome!!! thnks sir

[@MagicFireDragon66]

Is this diagram even possible if perfect competition is considered? And if I want the consumer to bear the whole burden of the tax?

[@MaxZagar]

@scottishlowoflow Well lets see. In Finland they now increased the VAT from 22 to 23 %, and as demand drops the shops have less people working, less designers developing, less shapers molding ... the manufacturing is actually a marginal cost. Example; Jeans cost 3.5-4.5USD to manufacture in China, still they sell for 30 - 60 USD in shops. In Sweden the VAT is 25% and still their economy has been working fine so, maybe I am wrong (however, they are masters in "tax-planning".

[@Czl1992]

Thanks for clarifying my doubts man :D

[@cookingchinesewithmeiru6710]

It's really interesting! Thank you. How can I find your other videos?

[@musukui]

i've got a question: if you say that the remain part has to be paid by the producers, you mean indeed that the producers sell just less, because of the higher prices, right?

[@mamba1066]

Your great !

[@yazzi-boiiboii1417]

Very helpful, thanks

[@dboyagod]

Cool 😎

[@consistency1907]

Thank you sir:) you are great!!!

[@mfundontsikiexolo7625]

ome monday. I wil kick ass. . Thanks Paj. . .tean South Afr ica

[@sanjuthapa5343]

thkuuu and i request sir post numrical problems of taxaion rule ................

[@esmereldastar1004]

Thank you so much :))) i am now going to ace my exam tomorrow

[@InstTaxSolutionsLLC]

As with any other expense, taxes that businesses pay is typically passed onto the consumer. Therefore, the indirect tax.

[@MR_MAKAVELI]

wow very helpful, r u english or greek out of curiousity?

[@BananaBeecher]

Quality content

[@dudettemaz]

thank you so much it helped me loads :)

[@MagicGuyZ]

Very useful thanks :)

[@meronabraham932]

very helpful thank youuuu

[@aishamuhammadashraf5163]

this video helped me alot

[@yzzl91]

how about if demand curve shift downward?

[@BlackNapkins86]

Thank, you. Thank you thank you thank you.

[@lum300]

THANK U!!!! So helpful

[@4444jude]

don't know how you do it but everytime you explain something i understand and when my teacher does i understand nothing loool

[@samuelteetsenern1]

you are the BOMB!

[@aalaaala2010]

thank you very much sir.

[@ferzaad100]

Awesome

[@DominationCorp]

does anyone else think this is a more efficient way to teach college courses? have the professor post the lectures online to be watched for his/her students which now can be several hundred and have the professor answer questions/objections via email or appointments. it definitely would beat going to class which can be pointless sometimes. not to mention plenty of gas would be saved from the lack of a commute for students

[@Wongfufever]

Thank you

[@ByFaithyy]

What do you guys study?

[@joshdh95]

love you paj

[@MaxZagar]

This is interesting, as governments are now increasing VATs. This will reduce demand, and therefore also increase unemployment. Which will again feed upon it self ...

[@zijingjin928]

thank you!

[@bobichina]

LOVE YOU! I

[@cookdave]

I think your graphs are wrong. When taxes are added the consumer ends up paying for the entire tax rise, there's nowhere else for the costs to go. Producers never ever 'pay' costs, they only pass them on to the consumer. Whats likely to happen is that firms will go out of business which restricts supply, and the ones that are left are able to keep the same margins but just raise the price. All taxes on production act in the same way, they raise prices and make goods more scarce.

[@mileady777]

thank you! dziękuje! arigatou gozaimasu! :)

[@loverofbeats]

i totally agree but my professors are so opposed to getting filmed lol.

[@francisnoah4499]

Amen

[@jinruihan8439]

Thx!!!!!!!!!!

[@MrZacsim]

thanks

[@Bharj95]

Paj for president!

[@McGrymkille]

thax=)

[@6562521]

thanks thanks thanks

[@JamesOversteer]

It just seems to me that economics is just a theory. You can't prove that raising the prices will liver demand, you need to mix economics with psychology to predict demand.

[@Jackinthebbox]

why do we go to school when we have Paj to teach us

[@hareshaperera7542]

Dead weight loss?

[@CHYCHRIS]

Dead weight loss the the loss of net welfare

[@BAMnadia]

cool pic

[@drogoz7082]

+Haresha Perera dead weight loss is the triangle in the middle and both the producer and government do not see that so essentially that amount is just wasted For subsidy both consumer and producer do not see the benefits from it so its wasted again

[@Whipalchemy]

no.

[@MR_MAKAVELI]

exam in 40 mins!

[@hillsboroughify]

you beautiful man

[@loverofbeats]

can you use dollars next time haha no i'm jk. thanks

[@georgestefanidis2254]

Ελληνας με σκιλς

[@aishamuhammadashraf5163]

this video helped me alot