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thanks alot.....

Hello sir and a big thank you for your wonderful explanation. I am trying to understand, the affect of a tax on Increasing Cost Industry.....In the short run, the SR Supply rises by tax amount... the quantity decreases and the price rises (by some fraction of tax depending on elasticity)...... In the long run adjustment, firms will exit and the Long Run Supply (more elastic than SR Supply) should rise by the Tax Amount, which means that the quantity will reduce further and the price will rise higher. My doubt concerns how the AC and MC curves move in the long run so that firms again make normal profits The LR Price (from LR Supply moving upward) is still lower than the AC after tax. What happens next ? If it were a Constant Cost Industry then the situation would be like you explained in the video and the production would rise along MC curve and all tax burden will fall on consumers. But that is not the case. What else can happen.....The AC curve won't come down because the price of inputs has not changed. If supply is further reduced than the AC curve and MC curve will go further back, but then price will rise beyond the LR price. Thank you for reading through all of this. Hopefully I've not muddled my basic concepts. Thank you once again 🙏

You're great man, keep it up :)

✌️ officially requesting youtube to have an emoji for Dave's gang sign

Good iam MBA students now is taking this course best

Very good explanation thank you for that!

loved it , thanks prof!

Mr. Anderson, you’re awesome! Thank you, sir.

Thank you sir😊

i love me some economic growth.

finals tmr ur the best.

In point form

Helps a lot, thanks!

dave please keep making these videos, they are amazing. Thank you so much

Hello do you offer tutoring services?

Nice video Dave

Killer edits bro

Thank you for the clear explanation

Yo Mr. Anderson I appreciated the video explanation but iono how I feel about ur hood's gang sign. See I'm actually a Crip myself so we might have some beef now

I said $9 in the first question and he straight up knew I was wrong 😭

Keep up the good work😇

Thank you ❤

Thanks a lot Sir !

thanks legend!

This is very good, but if you want teachers to use it it should be half as long.

Thanks for the explanation 🙂

Thank you. My question is, how does output produced in the long run remain the same but the supply curve has only shifted to the left, reducing equilibrium quantity

Good explain

lmao, the gangster sign got me weak

thanks doc

hi, can I have the original source of this lecture? thank youuu

Thanks Dave! This helped a lot!

Thank You for this explanation. Cleared up some confusion for me in microeconomics

Thank you. Excellent explanations of how to graph externalities. Very well done and I appreciate your efforts. I'll encourage my students to watch this video--I'll probably take class time to show it to them as well.

the gangster sign lol Love it!

Sir can you please let me know the name of your book. Looking forward on purchasing it

So helpful. Thank u

This is gold

since many times, I try to find a video about that. This is awesome. Thnks :)

Thank you so much sir, this video is so helpful.

This video proves DA is da OG of economics.

that broken chalk's sound gave me a heart attack.

So wonderfully explained a highly confusing set of topics

Quick and easy explanation. Thank you sir

Thank you for providing this clear, concise explanation to a feature commonly ignored. Fantastic!

Breaks chalk, doesn't miss a beat. My hero

Bravo David; that was fast!

Whaddup Mrs. Walker's class

🔥🎶