PremiumAlex H. A Level Economics tutor, GCSE Economics tutor

Alex H.

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Degree: Economics (Bachelors) - Durham University

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About me

Hi,

I'm Alex, a Durham University graduate, with a 2:1 honours in Economics.

I tutor Economics at all levels, specialising in, but not limited to, the AQA Economics A-Level qualification.

I aim to help you achieve and exceed your goals, from understanding a concept to taking the exam.

My available hours are flexible and I aim to fit in all requests where possible. Evenings are preferred.

Please contact me for a tutorial or a free introductory session.

Subjects offered

SubjectLevelMy prices
Economics A Level £30 /hr
Economics GCSE £30 /hr

Qualifications

QualificationLevelGrade
EconomicsA-LevelA*
PhysicsA-LevelA
MathsA-LevelA
LatinA-LevelB
EconomicsBachelors Degree2:1 honours
Disclosure and Barring Service

CRB/DBS Standard

No

CRB/DBS Enhanced

04/11/2015

Currently unavailable: for regular students

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Ratings and reviews

4.6from 11 customer reviews

Helen (Student) April 20 2016

Having contacted him for a few times regarding the feedback of my essays for the past 4 weeks, but still had not heard anything back yet.

Yemi (Parent) April 5 2016

Topic well taught, and prepared for. My son was engaged throughout.

Helen (Student) February 9 2016

Theory well explained. Thank you!

John (Parent) May 7 2015

Excellent. A gifted tutor.
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Questions Alex has answered

Tax incidence: how is a tax borne between consumers and producers?

A tax imposed on a good will affect the supply curve of that good, since it artificially increases the cost of manfacturing that good. Therefore, the supply curve will shift left. This will push the price up. We need to determine how much of that price increase will be felt by the consumer and...

A tax imposed on a good will affect the supply curve of that good, since it artificially increases the cost of manfacturing that good. Therefore, the supply curve will shift left. This will push the price up. We need to determine how much of that price increase will be felt by the consumer and how much will be "absorbed" by the supplier.

We can determine this by looking at the demand curve:

The burden of the tax depends overall on the elasticity of the demand curve. The more inelastic the demand curve, the more of the tax will be borne by the consumer.

This is intuitive; remember that an inelastic good is one which the consumer is largely indifferent to price changes - they will continue to purchase their chosen quantity of the good, despite price changes. A tax is a form of price change.

Diagrammatically:

(Diagrams from Tutor2U)

The price increase is borne by consumers and the rest of the tax (the gap between the supply curves) is borne by the producer.

 

For an elastic good, i.e. a good with quite a flat demand curve, we can see that the resulting consumer price: P1 to P2 is much smaller than the tax. Thus, the producer has absorbed a lot of the tax. It's worth noting that the fall in demand is still quite large.

For an inelastic good, the consumer price change is much larger: P1-P2.

.

 

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2 years ago

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