Taxes and Perfectly Elastic and Inelastic Demand

Watch these two videos on the relationship between taxes and two polar cases of demand elasticity: perfectly elastic and perfectly inelastic demand. You may need to go back to the end of section 3.2 and review the polar cases before you watch the videos.

 

 

Source: Khan Academy, https://www.youtube.com/watch?v=z1yJPpGC3-o, https://youtu.be/lsn16U5DWD4
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Last modified: Thursday, November 16, 2023, 9:53 AM