Taxes and Perfectly Inelastic Demand

Watch this video to learn about how taxes relate to a perfectly inelastic demand. Remember that a perfectly inelastic demand curve is one where the quantity demanded is constant regardless of changes in the price.

Source: Khan Academy, http://www.khanacademy.org/finance-economics/microeconomics/v/taxes-and-perfectly-inelastic-demand
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Last modified: Monday, July 22, 2024, 10:35 AM