Topic Videos
Indirect Taxes and Producer Surplus
- Level:
- AS, A-Level, IB
- Board:
- AQA, Edexcel, OCR, IB, Eduqas, WJEC
Last updated 8 Jan 2021
In this revision video we work through step-by-step the impact of an indirect tax on the level of producer surplus.
Producer surplus
Producer surplus is the difference between the price that producers are willing and able to supply a product for and the price they receive in the market. It is a measure of economic welfare for suppliers to a market or industry.
You might also like
Price Elasticity of Demand and Indirect Taxes
Topic Videos
Evaluating the pub smoking ban
1st October 2017
Government floats ban on energy drinks for under-18s
30th August 2018
A Model Tax Rise? - Japan Lifts Sales Taxes
3rd October 2019
Government Intervention - Is it Time for a Meat Tax?
11th September 2023