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Vanessa Yeung

I've learnt that the ratio of buyers tax burden to the sellers tax burden is the opposite of the ratio of the elastic demand and elastic supply. I also know that if the elasticity of the demand and supply is not specified there's no change in the customers expenditure and the producers total revenue excluding the tax. And when the producer's tax burden is larger than the consumer's tax burden, the demand for the good and the supply of the good may both be elastic so it'll depend on the degree of elasticity.

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Felicity Yeung

1) I learned that when drawing a supply and demand curve for imposing a tax, the supply curve should move upward and the arrow indicates the change should be pointed upward instead of pointing leftward.

2) I learned that when the demand is perfectly inelastic or the supply is perfectly elastic, the consumers will bear all the tax burden. And when the supply y is perfectly elastic or the supply is perfectly inelastic, the producers will bear all the tax burden.

3) I learned that when the elasticity of supply is larger than the elasticity of demand, the consumers will bear a bigger share of the tax burden than the producers and vise versa.

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I've learnt how to calculate tax burden of consumers and producers when subjected to unit tax imposed in them, how to draw a diagram to indicate the effects of subsidies and taxes and their respective shares on consumers and producers, and the four extreme cases of perfectly elastic/ inelastic demand/supply with taxes or subsidies.

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Carina Salaroli

First, I learnt that when the demand is perfectly inelastic or when the supply is perfectly elastic, the increase in price is the same as the amount of the unit tax. Then, the consumers will have to pay the whole tax burden. Next, I learnt how to find the new supply schedule after the imposition of unit tax - by adding the amount of tax to each of the prices in the original supply schedule. Lastly, I learnt that when the demand is more elastic, the consumers will have a smaller tax burden.

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First, I’ve learnt that when elasticity of the supply is greater than the elasticity of demand, the consumer’s tax burden will be greater than that of the producer’s tax burden, which has to be drawn with a steep demand curve and a normal supply curve. The second thing that I’ve learnt is that when the elasticity of supply is smaller than that of the elasticity of demand, the consumer’s tax burden will be less than that of the producer’s tax burden, which has to be drawn with a flat demand curve and a normal supply curve. The third thing I’ve learnt is that is when the market price remains unchanged, the whole tax burden is borne by producers, whereas when the increase in market price equals to the per-unit tax, the whole tax burden is borne by the consumers.

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Eugenie Mak

1) I learned that when a unit tax is imposed on producers, the supply will decrease due to the increase of cost of production. However, when represented graphically, the supply curve will shift upwards and not downwards as its shift represents the imposition of unit tax.

2) I learned that there are cases where producers and consumers have to bear all the tax burden, but they are only limited to extreme cases that rarely or even never happen in the real world and are only considered hypothetical. For example, when demand is perfectly elastic, producers have to bear all the tax burden due to the price remaining unchanged.

3) I learned two ways to find the new supply-demand schedule when a unit tax is imposed. The first way is to increase the unit price by the unit tax, for example, if the original unit price is $2 and the tax is $2, the new unit price is $4. The second way is to find it using the quantity supplied under tax. Both will give the same results.

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Felicia Lui 4B14

1. I learnt when the supply is more elastic then demand the consumer bear a large tax burden

2. When the extreme case happened , the producer or consumer may bear the entire tax burden

3. When the government impose a unit tax, the cost of production with increase and the supply will be decrease.

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1. When supply is more elastic than demand, consumers bear a greater tax burden. This is shown with a steep demand curve and a normal supply curve.

2. When supply is less elastic than demand, producers bear a greater tax burden. A flat demand curve and a normal supply curve is drawn.

3. If the market price doesn't change, producers bear the entire tax burden.

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Candace Yu 4D21

1. I’ve learnt that the imposition of unit tax leads to an upward movement of the equilibrium point along the demand curve. The change in consumers’ total expenditure depends on the price elasticity of demand. For example, if the demand is elastic, then the imposition of tax will cause a decrease in the consumers’ total expenditure

2. I have learnt that an imposition of unit tax will cause a parallel upward shift of the supply curve by the amount of the tax in a graph.

3. I have learnt that the imposition of a unit tax leads to a decrease in the quantity transacted and an increase in the equilibrium price.

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Asbi Lai

1) I have learnt that the proportion of the consumers and producers burden depends on the price elasticity of supply and demand curve

2) For extreme cases such as when the demand curve is perfectly elastic , producers bears all the tax burden

3) When the consumer's burden is larger than producer's burden , the elasticity of demand is smaller than the elasticity of supply , vice versa.

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Kaitlyn Ma

3. The ratio of the buyers' tax burden to the sellers' tax burden is inversely related to the elasticities of demand and supply. When the demand is more elastic than supply, producers bear a larger share of the tax burden, and when supply is more elastic, consumers bear more of the burden.

2. When supply is perfectly inelastic or demand is perfectly elastic, producers will bear the full burden of the tax.

3. When we graph the imposition of a tax, the supply curve should shift upward to reflect the tax increase, with the arrow indicating an upward movement.

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Jasmine Cheung

1. I learned that in extreme cases where the demand and supply are perfectly elastic or inelastic, the whole tax burden is borne entirely by the producer or consumer.

2. I have learnt how tax incidence depends on the elasticity of demand and supply. For example, the consumers' tax burden is greater than the producers' tax burden when supply is more elastic than demand.

3. I have learnt the various effects of a unit tax, such as how it creates a parallel upward shift of the supply curve by the amount of the tax, how the imposition of a unit tax leads to an increase/ decrease in the equilibrium price, and how it affects the consumers' and producers' total expenditure and revenue

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Clarice hui

3 Things Learned:

1. When illustrating the effect of a tax on a supply and demand graph, the supply curve shifts upward to reflect the tax increase. The arrow indicating this change should point upward, not leftward.

2. The distribution of tax burden between consumers and producers depends on the elasticity of demand and supply. If demand is perfectly inelastic or supply is perfectly elastic, consumers bear the entire tax burden. Conversely, if supply is perfectly inelastic or demand is perfectly elastic, producers bear the full burden.

3. The ratio of the tax burden shared by buyers and sellers is inversely related to the elasticities of demand and supply. When demand is more elastic than supply, producers bear a larger share of the tax burden. When supply is more elastic than demand, consumers bear a larger share.

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Clarice Hui

1. The conditions under which tax incidence shifts entirely to one party (consumers or producers).

2. How different types of taxes (e.g., sales tax, income tax) impact market behaviour and economic efficiency.

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Clarice Hui

How do changes in elasticity over time affect the long-term distribution of tax burdens between consumers and producers?

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1. I've learnt that the more elastic the demand/supply is, the more burden producer need to bear with

2. I have also learnt how to calculate the consumer's and the supplier's bruden

3. I have learnt when the consumer/producers has to bear the whole taxation burden when there are extreme cases

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Isobel Maung

1. After imposition of tax, the market price may not necessarily increase by the amount taxed, depending on elasticity of both supply and demand

2. The ratio of consumers’ tax burden : producers tax burden is equal to the Es (elasticity of supply) : Ed (elasticity of demand)

3. Thus, when elasticity of demand is lower than elasticity of supply, producers can shift a larger portion of the tax burden to consumers’, and vice versa. When elasticity of demand is higher than elasticity of supply, producers must bear a larger portion of the tax burden

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Naomi Yuen 4A23

1. I’ve learnt that when there is an increase in price due to the imposition of a unit tax, if the demand is elastic, then the consumers’ total expenditure will decrease, if the demand is inelastic, then the consumers’ total expenditure will increase etc. The change in consumers’ total expenditure depends on the price elasticity of demand.

2. I’ve learnt that the tax incidence depends on the elasticity of demand and the elasticity of supply. For example, if supply is more elastic than demand, the consumers’ tax burden will be greater than the producers’ tax burden.

3. I’ve also learnt the extreme cases of tax incidence. Like when demand is perfectly elastic, the unit tax does not lead to any change in price. The price paid by the consumers will remain unchanged. Because the producers fail to shift any of the tax burden to consumers, producers have to bear all the tax burden.

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a) producers will fully bear the burden of the tax when the demand is perfectly elastic or the supply is perfectly in elastic. b) ratio of consumer and producer’s tax burden is dependent on the elasticity of supply or/and demand. c) when we plot a tax imposition on a graph, the new supply curve must be parallel to its original supply curve.

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Thapa Christine Joy Ganal 4D13

1) How to draw a supply and demand graph after the imposition of unit tax, where the supply curve should shift upwards indicating that the tax has been imposed while the demand curve shifts downwards.

2) I learnt about some extreme cases, for example, when demand is perfectly inelastic, which means the consumer will bear all the tax burden.

3) When the increase in the market price is equal to the per unit price, the whole tax burden is borne by the consumer, as when the market price remains unchanged, the whole tax burden is borne by the producers.

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1) I learn that the tax burden might not be distributed equally, it depends on the elasticity of demand and supply.

2)I learn that in extreme cases, the producers or consumers will either bear the entire tax burden depending on the elasticities.

3) I learn how to calculate the consumers and producers tax burden.

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Edith Leung

1. Supply curve shifts upwards when is tax and downwards when is subsidy

2. Consumers burden is on the top n producers burden is on the bottom while consumers share is on the bottom and producers share is on top

3. When E=0, producers bear the entire tax