00:01
So here we're talking about the demand curve, right? let's remember that the demand curve is a relationship between quantity and price sloping downwards.
00:11
So we want it to go right, right? so the demand curve going right means we are looking for more willingness to pay, right? more desire.
00:26
And let's go through each of these in turn, right? so in a, you have higher taxes.
00:34
That means you're less able, right? you're going to have less money left over.
00:38
So it can't be a.
00:40
Could it be b? b says higher tax on t, right? expensive t is exactly a good answer.
00:51
Because if t is expensive, you might switch to coffee, right? it makes coffee more appealing.
00:58
So b here would be the right answer.
01:02
But let's rule out, let's check the others because there might be more than one...