Taxes and Perfectly Elastic Demand

Watch this video to learn about how taxes relate to a perfectly elastic demand curve, which is one that is very sensitive to changes in prices.

Source: Khan Academy, https://www.khanacademy.org/economics-finance-domain/microeconomics/consumer-producer-surplus/deadweight-loss-tutorial/v/taxes-and-perfectly-elastic-demand
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Last modified: Sunday, February 28, 2021, 6:57 AM