[tabby title=”Cowboy Bebop Clip #4″ icon=”film”]

  • Clip URL: https://criticalcommons.org/view?m=LKLcJmpNw
  • Concepts: Deadweight loss, taxes.
  • Background: Jet gifts his daughter a dog for her birthday. However, in Cowboy Bebop’s world, dog owners are highly taxed. So the mother rejects the present and asks Jet to get the puppy back because of how expensive dog ownership taxes are.
  • Question: What is the effect of a tax on a market’s equilibrium? Draw a graph to illustrate your answer.