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The larger the elasticities of supply and demand, the larger the deadweight loss caused by the tax.

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The price elasticity of both supply and demand is a determinant of deadweight

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Taxes cause deadweight losses because they prevent buyers and sellers from taking advantage of the benefits of exchange. The deadweight loss is the loss of surplus.

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When the tax is applied, the price paid by the buyer increases and the price received by the seller decreases.

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When buyers pay the tax, the demand curve shifts down, when sellers pay the tax, the supply curve shifts up.

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Whether a tax on a good is imposed on the buyer or the seller of that good, the result is the same.

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The cost of taxes to buyers and sellers is greater than the revenue collected by the government

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Taxes affect economic welfare, so consumer decline and consumer welfare must be compared to the revenue collected by the government.

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The government imposes taxes to increase the income it receives, both buyers and sellers are worse off when there is a change in the goods, if a tax increases the price that buyers pay and reduces the price that sellers receive

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Taxes are what we pay for civilized society