Step-by-Step Guide on how to draw the Indirect Tax and Subsidy Diagrams in Economics
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This PowerPoint is a step-by-step guide for teaching students how to draw the tax and subsidy diagrams. This should be done in class with students drawing the diagrams along with this presentation.
This 14 page slide PowerPoint presentation has multiple animations per page that details how to Draw the Diagram by Shifting the Supply Curve and where to find all of the important information that students need.
- Incidence Tax Burden/Subsidy Benefit
- Changes in Consumer and Producer Surplus
- Changes in Price and Quantity
- Government Revenue/Expenditure from the Tax/Subsidy
- Dead Weight Loss
Students will often forget how to draw these diagrams and this can be used throughout the year.
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