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Who Bears the Burden When a Tax Is Imposed on a Good?
Source: Council for Economic Education (EconEdLink) | Type: Lesson

Students will learn how to determine the function values [f(x) or y values] of simple functions by calculation and inspection and will learn to calculate the area under straight line graphs. Students will watch a video to learn that a tax imposed on the producer and/or consumer of a good has an effect on both. Students will use an interactive slide show to determine the tax burden on producers and consumers. Students need to have knowledge of supply and demand, equilibrium price and quantity, determinants of demand and supply as well as producer and consumer surplus.





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