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  • Hey Sally do you know how much profit you are losing to taxes?
  • No but I would love to hear more about it in my office lets go, we can pick up a bag of popcorn on the way.
  • How much money will I lose if this price raise from taxes lowers the demand of my tickets?
  • So whenever the government changes the tax rate you and your customers both pay a part of the taxes.
  • As you can see the demand curve will go down showing you have less business. and you will be paying more of the taxes.
  • So what you are saying is that if there is a tax on soda, I would be paying more of the tax would I lose a profit?
  • Yes you would pay more of the tax, you would also be cutting into you profit margin.
  • What would happen if the good was elastic? Like blood for you.
  • let us go into your office and see.
  • Let us go find some nontaxed blood.
  • The supply of blood would decrease making to blood tax on the consumer, so I the consumer would have to pay more for blood.
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