The effect of taxes on supply and demand

[@fatimahalhaddad1302]

Thanks! Very well explained. Appreciate it if you could use a marker next time so it'll be clearer.

[@pancakemonster1245]

explained so well thank you

[@jasminbellen9830]

Thankyou! Helps me alot!

[@football_fanatic_Ethan]

So whats the answer? P1 or P2? please explain

[@RAZA-tg5bo]

you know the answer now? i need it and i still dont know haha

[@virginia-leefinnell254]

It's the orange bandaid for me. No but seriously thanks!

[@Grittiercircle]

When put the tax on consumers, equilibrium price goes down. not up.

[@FreeEconHelp]

True, the price received(by sellers) goes down, but price paid (by buyers) will go up.

[@IndusValley12]

And the difference between the price that the consumer pays and producer receives is the tax per unit