This video by @enhancetuition explains the impact of ad valorem taxes, the incidence (burden) of ad valorem taxes and how elasticity affects the impact of ad valorem taxes.
Back to: Papers 1 & 2

Maths, Further Maths, Economics Tutor | 95% GCSE & AL Maths | 3Y+ Experience (100% A*-B) | Tutee Offers @ UCL, Warwick, KCL
This video by @enhancetuition explains the impact of ad valorem taxes, the incidence (burden) of ad valorem taxes and how elasticity affects the impact of ad valorem taxes.
Back to: Papers 1 & 2