00:01
Let's start the explanation of the question.
00:12
So we can say that the consumer who have the consumer the consumer who have in elastic demand who have who have in elastic demand in elastic demand the consumer who have in elastic demand the consumer who have in elastic demand face greater text demand face greater text burden face greater text burden greater text burden face greater text burden then those who have elastic demand then those then those then those who have who have elastic demand who have elastic demand who have elastic demand so we can say that the consumer who have in elastic demand face greater tax burden than those who had elastic demand.
03:12
The following graph explains the loss in consumer welfare in each case.
03:20
The following graph.
03:31
The following graph.
03:41
The following graph.
03:50
The following graph explain the loss.
04:07
Explain the loss in consumer welfare in each case.
04:19
In consumer welfare in consumer welfare in each case in each case so the consumer who have in elastic demand face greater tax burden than those who have elastic demand the following graph explain the loss in consumer welfare in each case in each case so let's we have draw the graph so actually this is the graph.
05:29
So these are the lines.
05:32
So there are four lines.
05:42
There are the four lines.
05:47
And we can say that there are the line and this point which is b and this point is a and this is d and this is e.
06:18
So we can say that the one line is here and we draw.
06:31
Triangle from here and one triangle from here one line is connected from here and we can see that this is point f this is point and this point and this point and there also triangle which is connected in the both and this point which is c this is point so we can say that this is elastic demand this is the line and and we can say that this is elastic demand, elastic demand, and on the other hand, this is inelastic demand, this is in elastic demand, and on the other hand, this line we can say that this is supply after tax, supply after tax, supply after tax.
08:34
So we can say that this is p plus t.
08:52
This is p plus t and this is plastic...