Understanding the Deadweight Loss of Taxation | Microeconomics

Let's learn more about the deadweight loss of taxation in this video. We'll cover the concepts of consumer surplus, producer surplus, total surplus, and equilibrium quantity, and we'll discuss how they affect the deadweight loss of taxation.
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00:00 Intro
00:27 Understanding taxes
00:53 Equilibrium outcomes with and without tax
01:31 Consumer surplus, producer surplus, and the deadweight loss of taxation