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[Music] in this video were gonna analyze the effects of taxes so theres a couple things that we need to pay attention to of course we want to look to see what happens to the quantity thats going to be bought and sold in the market we want to take a look and see it what happens to the price now part of that what we need to look at is well who really bears the economic burden of attacks so when I look at two different scenarios here the first one is in the market for cigarettes now why are we picking something like like cigarettes well here we have a market where consumers are right theyre addicted and so theyre you dont really have what we call a very responsive demand okay well talk about in the next chapter were going to talk about elasticity when we try to measure the responsiveness of supply and demand so what does that mean well the demand curve for cigarettes might look something like this its gonna be really steep and what do we see from a demand curve its really steep