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When supply is unitary elastic, number three, unitary elastic supply.", "tokens": [440, 9711, 10604, 264, 881, 293, 264, 12314, 10604, 264, 1935, 295, 3366, 12578, 13, 1133, 5847, 307, 517, 4109, 17115, 11, 1230, 1045, 11, 517, 4109, 17115, 5847, 13], "avg_logprob": -0.17641129512940684, "compression_ratio": 1.3846153846153846, "no_speech_prob": 0.0, "words": [{"start": 99.54, "end": 99.72, "word": " The", "probability": 0.68994140625}, {"start": 99.72, "end": 100.38, "word": " consumer", "probability": 0.82958984375}, {"start": 100.38, "end": 101.44, "word": " pays", "probability": 0.89404296875}, {"start": 101.44, "end": 102.12, "word": " the", "probability": 0.9228515625}, {"start": 102.12, "end": 102.54, "word": " most", "probability": 0.9140625}, {"start": 102.54, "end": 103.82, "word": " and", "probability": 0.64111328125}, {"start": 103.82, "end": 103.96, "word": " the", "probability": 0.8974609375}, {"start": 103.96, "end": 104.48, "word": " producer", "probability": 0.90771484375}, {"start": 104.48, "end": 105.44, "word": " pays", "probability": 0.81982421875}, {"start": 105.44, "end": 105.66, "word": " the", "probability": 0.916015625}, {"start": 105.66, "end": 106.0, "word": " least", "probability": 0.9638671875}, {"start": 106.0, "end": 106.18, "word": " of", "probability": 0.69873046875}, {"start": 106.18, "end": 106.42, "word": " tax", "probability": 0.8671875}, {"start": 106.42, "end": 106.76, "word": " burden.", "probability": 0.9423828125}, {"start": 110.7, "end": 111.18, "word": " When", "probability": 0.85205078125}, {"start": 111.18, "end": 111.74, "word": " supply", "probability": 0.86474609375}, {"start": 111.74, "end": 112.08, "word": " is", "probability": 0.947265625}, {"start": 112.08, "end": 112.5, "word": " unitary", "probability": 0.806884765625}, {"start": 112.5, "end": 112.96, "word": " elastic,", "probability": 0.89892578125}, {"start": 114.08, "end": 114.28, "word": " number", "probability": 0.79931640625}, {"start": 114.28, "end": 114.62, "word": " three,", "probability": 0.875}, {"start": 114.78, "end": 115.14, "word": " unitary", "probability": 0.896728515625}, {"start": 115.14, "end": 115.54, "word": " elastic", "probability": 0.96240234375}, {"start": 115.54, "end": 116.02, "word": " supply.", "probability": 0.93505859375}], "temperature": 1.0}, {"id": 5, "seek": 14990, "start": 123.02, "end": 149.9, "text": " 50-50, the consumer pays 50% of tax burden and the producer pays 50. We still have two cases. The fourth case, when supply is perfectly elastic. 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This is the original initial equilibrium point, E1. Price, P1. And the quantity, Q1. Now the government sets a price ceiling. Sorry, the government decided to impose a tax. This affects supply, so supply curve shifts left.", "tokens": [400, 341, 307, 4733, 11, 413, 16, 13, 639, 307, 264, 3380, 5883, 15625, 935, 11, 462, 16, 13, 25803, 11, 430, 16, 13, 400, 264, 11275, 11, 1249, 16, 13, 823, 264, 2463, 6352, 257, 3218, 13655, 13, 4919, 11, 264, 2463, 3047, 281, 26952, 257, 3366, 13, 639, 11807, 5847, 11, 370, 5847, 7605, 19201, 1411, 13], "avg_logprob": -0.14244792262713116, "compression_ratio": 1.4615384615384615, "no_speech_prob": 0.0, "words": [{"start": 186.35, "end": 186.59, "word": " And", "probability": 0.5048828125}, {"start": 186.59, "end": 186.71, "word": " this", "probability": 0.93115234375}, {"start": 186.71, "end": 186.83, "word": " is", "probability": 0.89794921875}, {"start": 186.83, "end": 187.23, "word": " demand,", "probability": 0.783203125}, {"start": 187.91, "end": 188.21, "word": " D1.", "probability": 0.89501953125}, {"start": 190.83, "end": 191.15, "word": " This", "probability": 0.8798828125}, {"start": 191.15, "end": 191.27, "word": " is", "probability": 0.94970703125}, {"start": 191.27, "end": 191.39, "word": " the", "probability": 0.91943359375}, {"start": 191.39, "end": 191.83, "word": " original", "probability": 0.943359375}, {"start": 191.83, "end": 192.63, "word": " initial", "probability": 0.6552734375}, {"start": 192.63, "end": 193.53, "word": " equilibrium", "probability": 0.96337890625}, {"start": 193.53, "end": 193.95, "word": " point,", "probability": 0.9716796875}, {"start": 194.23, "end": 194.53, "word": " E1.", "probability": 0.983154296875}, {"start": 196.61, "end": 196.95, "word": " Price,", "probability": 0.8994140625}, {"start": 197.05, "end": 197.41, "word": " P1.", "probability": 0.9912109375}, {"start": 198.03, "end": 198.63, "word": " And", "probability": 0.96044921875}, {"start": 198.63, "end": 198.77, "word": " the", "probability": 0.88232421875}, {"start": 198.77, "end": 199.33, "word": " quantity,", "probability": 0.95556640625}, {"start": 200.77, "end": 201.07, "word": " Q1.", "probability": 0.6341552734375}, {"start": 202.39, "end": 203.11, "word": " Now", "probability": 0.9482421875}, {"start": 203.11, "end": 203.29, "word": " the", "probability": 0.79052734375}, {"start": 203.29, "end": 203.67, "word": " government", "probability": 0.912109375}, {"start": 203.67, "end": 204.55, "word": " sets", "probability": 0.7353515625}, {"start": 204.55, "end": 204.75, "word": " a", "probability": 0.85693359375}, {"start": 204.75, "end": 204.97, "word": " price", "probability": 0.91943359375}, {"start": 204.97, "end": 205.37, "word": " ceiling.", "probability": 0.98291015625}, {"start": 206.51, "end": 206.79, "word": " Sorry,", "probability": 0.826171875}, {"start": 207.03, "end": 207.37, "word": " the", "probability": 0.92041015625}, {"start": 207.37, "end": 207.67, "word": " government", "probability": 0.90673828125}, {"start": 207.67, "end": 208.35, "word": " decided", "probability": 0.93359375}, {"start": 208.35, "end": 208.59, "word": " to", "probability": 0.96337890625}, {"start": 208.59, "end": 208.91, "word": " impose", "probability": 0.93701171875}, {"start": 208.91, "end": 209.39, "word": " a", "probability": 0.98486328125}, {"start": 209.39, "end": 209.71, "word": " tax.", "probability": 0.953125}, {"start": 211.43, "end": 212.07, "word": " This", "probability": 0.900390625}, {"start": 212.07, "end": 212.69, "word": " affects", "probability": 0.8154296875}, {"start": 212.69, "end": 213.17, "word": " supply,", "probability": 0.92724609375}, {"start": 213.43, "end": 213.59, "word": " so", "probability": 0.95166015625}, {"start": 213.59, "end": 213.99, "word": " supply", "probability": 0.88720703125}, {"start": 213.99, "end": 214.31, "word": " curve", "probability": 0.8623046875}, {"start": 214.31, "end": 214.71, "word": " shifts", "probability": 0.9326171875}, {"start": 214.71, "end": 215.17, "word": " left.", "probability": 0.93896484375}], "temperature": 1.0}, {"id": 8, "seek": 24322, "start": 218.16, "end": 243.22, "text": " supply will shift left. No, you're talking about the taxes on the suppliers or sellers. Here is two. 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So here, this rectangle represents the total tax burden. The perfectly elastic demand.", "tokens": [264, 18031, 9324, 295, 3366, 420, 264, 3366, 12578, 11, 257, 935, 490, 316, 17, 281, 318, 16, 13, 407, 510, 11, 341, 21930, 8855, 264, 3217, 3366, 12578, 13, 440, 6239, 17115, 4733, 13], "avg_logprob": -0.2736545188559426, "compression_ratio": 1.3032786885245902, "no_speech_prob": 0.0, "words": [{"start": 244.6, "end": 244.96, "word": " the", "probability": 0.43994140625}, {"start": 244.96, "end": 245.44, "word": " guaranteed", "probability": 0.222412109375}, {"start": 245.44, "end": 245.82, "word": " revenue", "probability": 0.923828125}, {"start": 245.82, "end": 245.98, "word": " of", "probability": 0.64501953125}, {"start": 245.98, "end": 246.34, "word": " tax", "probability": 0.94287109375}, {"start": 246.34, "end": 247.1, "word": " or", "probability": 0.61865234375}, {"start": 247.1, "end": 247.28, "word": " the", "probability": 0.9228515625}, {"start": 247.28, "end": 247.56, "word": " tax", "probability": 0.95166015625}, {"start": 247.56, "end": 248.06, "word": " burden,", "probability": 0.8994140625}, {"start": 249.02, "end": 249.6, "word": " a", "probability": 0.8212890625}, {"start": 249.6, "end": 249.88, "word": " point", "probability": 0.96630859375}, {"start": 249.88, "end": 250.38, "word": " from", "probability": 0.88916015625}, {"start": 250.38, "end": 251.08, "word": " A2", "probability": 0.9462890625}, {"start": 251.08, "end": 252.24, "word": " to", "probability": 0.955078125}, {"start": 252.24, "end": 252.7, "word": " S1.", "probability": 0.9560546875}, {"start": 254.82, "end": 255.18, "word": " So", "probability": 0.56689453125}, {"start": 255.18, "end": 258.0, "word": " here,", "probability": 0.638671875}, {"start": 258.42, "end": 258.72, "word": " this", "probability": 0.951171875}, {"start": 258.72, "end": 260.6, "word": " rectangle", "probability": 0.93701171875}, {"start": 260.6, "end": 261.56, "word": " represents", "probability": 0.8916015625}, {"start": 261.56, "end": 263.56, "word": " the", "probability": 0.9091796875}, {"start": 263.56, "end": 263.96, "word": " total", "probability": 0.89306640625}, {"start": 263.96, "end": 264.46, "word": " tax", "probability": 0.953125}, {"start": 264.46, "end": 264.86, "word": " burden.", "probability": 0.9541015625}, {"start": 269.34, "end": 270.16, "word": " The", "probability": 0.299560546875}, {"start": 270.16, "end": 270.62, "word": " perfectly", "probability": 0.90966796875}, {"start": 270.62, "end": 271.16, "word": " elastic", "probability": 0.96533203125}, {"start": 271.16, "end": 271.62, "word": " demand.", "probability": 0.95263671875}], "temperature": 1.0}, {"id": 10, "seek": 29877, "start": 272.92, "end": 298.78, "text": " I'm not talking about supply. When demand was perfectly elastic, like the demand for rings for mail. This is the example we took. Who bears the most, the tax burden? The producer. The producer was bearing, he was bearing the tax burden. Here it's like this. Exactly, which is the opposite case. The consumer bears the whole of tax burden.", "tokens": [286, 478, 406, 1417, 466, 5847, 13, 1133, 4733, 390, 6239, 17115, 11, 411, 264, 4733, 337, 11136, 337, 10071, 13, 639, 307, 264, 1365, 321, 1890, 13, 2102, 17276, 264, 881, 11, 264, 3366, 12578, 30, 440, 12314, 13, 440, 12314, 390, 17350, 11, 415, 390, 17350, 264, 3366, 12578, 13, 1692, 309, 311, 411, 341, 13, 7587, 11, 597, 307, 264, 6182, 1389, 13, 440, 9711, 17276, 264, 1379, 295, 3366, 12578, 13], "avg_logprob": -0.3020147940045909, "compression_ratio": 1.6782178217821782, "no_speech_prob": 0.0, "words": [{"start": 272.92, "end": 273.12, "word": " I'm", "probability": 0.93408203125}, {"start": 273.12, "end": 273.24, "word": " not", "probability": 0.94189453125}, {"start": 273.24, "end": 273.46, "word": " talking", "probability": 0.85791015625}, {"start": 273.46, "end": 273.74, "word": " about", "probability": 0.908203125}, {"start": 273.74, "end": 274.2, "word": " supply.", "probability": 0.94091796875}, {"start": 274.92, 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Above A1 here, this is the consumer's share of tax burden. So here's the total tax burden. So the price equals six here. P2 equals", "tokens": [3358, 316, 17, 281, 318, 16, 510, 11, 341, 307, 264, 3217, 3366, 12578, 13, 32691, 316, 16, 510, 11, 341, 307, 264, 9711, 311, 2073, 295, 3366, 12578, 13, 407, 510, 311, 264, 3217, 3366, 12578, 13, 407, 264, 3218, 6915, 2309, 510, 13, 430, 17, 6915], "avg_logprob": -0.2771045821053641, "compression_ratio": 1.5603448275862069, "no_speech_prob": 0.0, "words": [{"start": 326.09, "end": 326.73, "word": " From", "probability": 0.2587890625}, {"start": 326.73, "end": 327.35, "word": " A2", "probability": 0.92626953125}, {"start": 327.35, "end": 327.61, "word": " to", "probability": 0.96435546875}, {"start": 327.61, "end": 328.07, "word": " S1", "probability": 0.966552734375}, {"start": 328.07, "end": 328.33, "word": " here,", "probability": 0.8330078125}, {"start": 328.59, "end": 329.01, "word": " this", "probability": 0.94287109375}, {"start": 329.01, "end": 329.21, "word": " is", "probability": 0.9482421875}, {"start": 329.21, "end": 329.51, "word": " the", "probability": 0.921875}, {"start": 329.51, "end": 330.29, "word": " total", "probability": 0.87158203125}, {"start": 330.29, "end": 330.69, "word": " tax", "probability": 0.94921875}, {"start": 330.69, "end": 331.07, "word": " burden.", "probability": 0.9482421875}, {"start": 340.51, "end": 341.17, "word": " Above", "probability": 0.79833984375}, {"start": 341.17, "end": 342.05, "word": " A1", "probability": 0.67138671875}, {"start": 342.05, "end": 342.35, "word": " here,", "probability": 0.307861328125}, {"start": 342.89, "end": 343.23, "word": " this", "probability": 0.3837890625}, {"start": 343.23, "end": 343.27, "word": " is", "probability": 0.88720703125}, {"start": 343.27, "end": 344.11, "word": " the", "probability": 0.84765625}, {"start": 344.11, "end": 344.85, "word": " consumer's", "probability": 0.6328125}, {"start": 344.85, "end": 345.05, "word": " share", "probability": 0.9345703125}, {"start": 345.05, "end": 345.21, "word": " of", "probability": 0.9033203125}, {"start": 345.21, "end": 345.45, "word": " tax", "probability": 0.8974609375}, {"start": 345.45, "end": 345.77, "word": " burden.", "probability": 0.94140625}, {"start": 346.51, "end": 346.71, "word": " So", "probability": 0.82373046875}, {"start": 346.71, "end": 347.27, "word": " here's", "probability": 0.394775390625}, {"start": 347.27, "end": 347.39, "word": " the", "probability": 0.91162109375}, {"start": 347.39, "end": 347.69, "word": " total", "probability": 0.85986328125}, {"start": 347.69, "end": 348.03, "word": " tax", "probability": 0.9208984375}, {"start": 348.03, "end": 348.23, "word": " burden.", "probability": 0.90771484375}, {"start": 348.49, "end": 348.59, "word": " So", "probability": 0.87255859375}, {"start": 348.59, "end": 348.75, "word": " the", "probability": 0.8173828125}, {"start": 348.75, "end": 349.03, "word": " price", "probability": 0.9248046875}, {"start": 349.03, "end": 349.43, "word": " equals", "probability": 0.916015625}, {"start": 349.43, "end": 349.71, "word": " six", "probability": 0.740234375}, {"start": 349.71, "end": 349.93, "word": " here.", "probability": 0.6435546875}, {"start": 351.65, "end": 352.05, "word": " P2", "probability": 0.978271484375}, {"start": 352.05, "end": 353.43, "word": " equals", "probability": 0.92529296875}], "temperature": 1.0}, {"id": 13, "seek": 38358, "start": 354.8, "end": 383.58, "text": " Six. How much is the tax per unit? Tax per unit. How much is the tax per unit? From A1 to A2 to S1, this is the tax per unit. The tax per unit. The tax per unit. The consumer. 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382.48, "word": " the", "probability": 0.89501953125}, {"start": 382.48, "end": 382.98, "word": " consumer", "probability": 0.8515625}, {"start": 382.98, "end": 383.58, "word": " share.", "probability": 0.8447265625}], "temperature": 1.0}, {"id": 14, "seek": 41797, "start": 389.21, "end": 417.97, "text": " Total tax burden is the whole tax burden, the consumer share tax burden. Let us assume your quantity equals eight. So the total tax burden equals one times eight equals eight. And the producer share tax burden equals zero in this case. All right? So we can say that. Let's compare the price elasticity of demand", "tokens": [23170, 3366, 12578, 307, 264, 1379, 3366, 12578, 11, 264, 9711, 2073, 3366, 12578, 13, 961, 505, 6552, 428, 11275, 6915, 3180, 13, 407, 264, 3217, 3366, 12578, 6915, 472, 1413, 3180, 6915, 3180, 13, 400, 264, 12314, 2073, 3366, 12578, 6915, 4018, 294, 341, 1389, 13, 1057, 558, 30, 407, 321, 393, 584, 300, 13, 961, 311, 6794, 264, 3218, 46260, 295, 4733], "avg_logprob": -0.253125, "compression_ratio": 1.782857142857143, "no_speech_prob": 1.1920928955078125e-07, "words": [{"start": 389.21000000000004, "end": 389.97, "word": " Total", "probability": 0.033538818359375}, {"start": 389.97, "end": 390.49, "word": " tax", "probability": 0.87353515625}, {"start": 390.49, "end": 390.87, "word": " burden", "probability": 0.9189453125}, {"start": 390.87, "end": 391.47, "word": " is", "probability": 0.22216796875}, {"start": 391.47, "end": 392.77, "word": " the", "probability": 0.67626953125}, {"start": 392.77, "end": 393.19, "word": " 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When supply is inelastic, consumer peers least, producer most. 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When supply is elastic, when demand is elastic, elastic demand, like demand for Apple, the consumer pays least and the producer pays most. Unitary elastic, 50-50. 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And the very long run had a full supply, had a very long run. 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The producer. In supply, the producer or the consumer pays the whole. In demand, producer pays the whole of tax burden. The opposite. See the last case. Perfectly inelastic supply. 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The effects for taxes, the tax burden. Perfectly elastic demand equals perfectly inelastic supply. Perfectly inelastic demand equals perfectly elastic supply. Unitary, unitary.", "tokens": [15624, 1124, 6239, 294, 338, 2750, 5847, 293, 1080, 5065, 510, 13, 440, 5065, 337, 10041, 11, 264, 3366, 12578, 13, 10246, 356, 17115, 4733, 6915, 6239, 294, 338, 2750, 5847, 13, 10246, 356, 294, 338, 2750, 4733, 6915, 6239, 17115, 5847, 13, 1156, 4109, 11, 517, 4109, 13], "avg_logprob": -0.22109374314546584, "compression_ratio": 1.9579831932773109, "no_speech_prob": 0.0, "words": [{"start": 563.7399999999999, "end": 564.6999999999999, "word": " Equals", "probability": 0.7000732421875}, {"start": 564.6999999999999, "end": 565.66, "word": " perfectly", "probability": 0.9189453125}, {"start": 565.66, "end": 566.76, "word": " inelastic", "probability": 0.90771484375}, {"start": 566.76, "end": 567.28, "word": " supply", "probability": 0.955078125}, {"start": 567.28, "end": 567.86, "word": " and", "probability": 0.60205078125}, {"start": 567.86, "end": 568.1, "word": " its", "probability": 0.8291015625}, {"start": 568.1, "end": 568.5, "word": " effects", "probability": 0.80419921875}, {"start": 568.5, "end": 568.82, "word": " here.", "probability": 0.80859375}, {"start": 569.54, "end": 570.5, "word": " The", "probability": 0.2310791015625}, {"start": 570.5, "end": 570.84, "word": " effects", "probability": 0.8330078125}, {"start": 570.84, "end": 571.04, "word": " for", "probability": 0.282958984375}, {"start": 571.04, "end": 571.58, "word": " taxes,", "probability": 0.79736328125}, {"start": 572.26, "end": 572.4, "word": " the", "probability": 0.57763671875}, {"start": 572.4, "end": 572.68, "word": " tax", "probability": 0.91357421875}, {"start": 572.68, "end": 573.1, "word": " burden.", "probability": 0.285888671875}, {"start": 573.74, "end": 574.16, "word": " Perfectly", "probability": 0.950927734375}, {"start": 574.16, "end": 574.44, "word": " elastic", "probability": 0.92236328125}, {"start": 574.44, "end": 574.9, "word": " demand", "probability": 0.92919921875}, {"start": 574.9, "end": 575.36, "word": " equals", "probability": 0.904296875}, {"start": 575.36, "end": 575.82, "word": " perfectly", "probability": 0.92333984375}, {"start": 575.82, "end": 576.82, "word": " inelastic", "probability": 0.9171549479166666}, {"start": 576.82, "end": 577.32, "word": " supply.", "probability": 0.9619140625}, {"start": 578.0, "end": 578.5, "word": " Perfectly", "probability": 0.93212890625}, {"start": 578.5, "end": 579.52, "word": " inelastic", "probability": 0.89599609375}, {"start": 579.52, "end": 580.0, "word": " demand", "probability": 0.9326171875}, {"start": 580.0, "end": 580.84, "word": " equals", "probability": 0.9462890625}, {"start": 580.84, "end": 581.36, "word": " perfectly", "probability": 0.9580078125}, {"start": 581.36, "end": 581.7, "word": " elastic", "probability": 0.92236328125}, {"start": 581.7, "end": 582.2, "word": " supply.", "probability": 0.9462890625}, {"start": 583.08, "end": 583.56, "word": " Unitary,", "probability": 0.92236328125}, {"start": 583.7, "end": 584.0, "word": " unitary.", "probability": 0.939453125}], "temperature": 1.0}, {"id": 21, "seek": 60116, "start": 585.48, "end": 601.16, "text": " Inelastic demand, elastic supply. Elastic demand, inelastic supply. All right? So, let's go to the last case here.", "tokens": [682, 338, 2750, 4733, 11, 17115, 5847, 13, 2699, 2750, 4733, 11, 294, 338, 2750, 5847, 13, 1057, 558, 30, 407, 11, 718, 311, 352, 281, 264, 1036, 1389, 510, 13], "avg_logprob": -0.2563476571813226, "compression_ratio": 1.3372093023255813, "no_speech_prob": 0.0, "words": [{"start": 585.48, "end": 586.14, "word": " Inelastic", "probability": 0.7425130208333334}, {"start": 586.14, "end": 586.64, "word": " demand,", "probability": 0.9140625}, {"start": 587.16, "end": 587.9, "word": " elastic", "probability": 0.92626953125}, {"start": 587.9, "end": 588.44, "word": " supply.", "probability": 0.95654296875}, {"start": 590.58, "end": 591.5, "word": " Elastic", "probability": 0.55950927734375}, {"start": 591.5, "end": 591.96, "word": " demand,", "probability": 0.78662109375}, {"start": 592.52, "end": 592.96, "word": " inelastic", "probability": 0.9557291666666666}, {"start": 592.96, "end": 593.42, "word": " supply.", "probability": 0.95458984375}, {"start": 593.8, "end": 593.8, "word": " All", "probability": 0.316650390625}, {"start": 593.8, "end": 595.3, "word": " right?", "probability": 0.90966796875}, {"start": 598.52, "end": 599.44, "word": " So,", "probability": 0.89501953125}, {"start": 599.84, "end": 600.02, "word": " let's", "probability": 0.927490234375}, {"start": 600.02, "end": 600.14, "word": " go", "probability": 0.94384765625}, {"start": 600.14, "end": 600.24, "word": " to", "probability": 0.94189453125}, {"start": 600.24, "end": 600.36, "word": " the", "probability": 0.92138671875}, {"start": 600.36, "end": 600.58, "word": " last", "probability": 0.87353515625}, {"start": 600.58, "end": 600.92, "word": " case", "probability": 0.91357421875}, {"start": 600.92, "end": 601.16, "word": " here.", "probability": 0.84765625}], "temperature": 1.0}, {"id": 22, "seek": 64237, "start": 620.81, "end": 642.37, "text": " perfectly perfectly in elastic supply very short run very short run", "tokens": [6239, 6239, 294, 17115, 5847, 588, 2099, 1190, 588, 2099, 1190], "avg_logprob": -0.2736002504825592, "compression_ratio": 1.2830188679245282, "no_speech_prob": 0.0, "words": [{"start": 620.81, "end": 621.93, "word": " perfectly", "probability": 0.446044921875}, {"start": 621.93, "end": 623.05, "word": " perfectly", "probability": 0.60205078125}, {"start": 623.05, "end": 626.03, "word": " in", "probability": 0.7958984375}, {"start": 626.03, "end": 626.39, "word": " elastic", "probability": 0.64794921875}, {"start": 626.39, "end": 626.95, "word": " supply", "probability": 0.95703125}, {"start": 626.95, "end": 633.25, "word": " very", "probability": 0.58935546875}, {"start": 633.25, "end": 633.67, "word": " short", "probability": 0.97900390625}, {"start": 633.67, "end": 633.97, "word": " run", "probability": 0.77685546875}, {"start": 633.97, "end": 641.81, "word": " very", "probability": 0.77783203125}, {"start": 641.81, "end": 642.15, "word": " short", "probability": 0.96875}, {"start": 642.15, "end": 642.37, "word": " run", "probability": 0.92626953125}], "temperature": 1.0}, {"id": 23, "seek": 67550, "start": 646.18, "end": 675.5, "text": " Perfectly inelastic supply means the supply curve will be vertical. S1, P, Q. Perfectly inelastic supply, very short term. The supply curve will be vertical. And let us assume here demand", "tokens": [10246, 356, 294, 338, 2750, 5847, 1355, 264, 5847, 7605, 486, 312, 9429, 13, 318, 16, 11, 430, 11, 1249, 13, 10246, 356, 294, 338, 2750, 5847, 11, 588, 2099, 1433, 13, 440, 5847, 7605, 486, 312, 9429, 13, 400, 718, 505, 6552, 510, 4733], "avg_logprob": -0.23165761128715848, "compression_ratio": 1.6347826086956523, "no_speech_prob": 0.0, "words": [{"start": 646.18, "end": 646.78, "word": " Perfectly", "probability": 0.854736328125}, {"start": 646.78, "end": 647.2, "word": " inelastic", "probability": 0.9226888020833334}, {"start": 647.2, "end": 647.7, "word": " supply", "probability": 0.9482421875}, {"start": 647.7, "end": 648.24, "word": " means", "probability": 0.923828125}, {"start": 648.24, "end": 648.68, "word": " the", "probability": 0.72412109375}, {"start": 648.68, "end": 649.08, "word": " supply", "probability": 0.9580078125}, {"start": 649.08, "end": 649.56, "word": " curve", "probability": 0.94775390625}, {"start": 649.56, "end": 650.24, "word": " will", "probability": 0.837890625}, {"start": 650.24, "end": 650.7, "word": " be", "probability": 0.955078125}, {"start": 650.7, "end": 651.92, "word": " vertical.", "probability": 0.8896484375}, {"start": 655.88, "end": 656.86, "word": " S1,", "probability": 0.5814208984375}, {"start": 658.56, "end": 659.18, "word": " P,", "probability": 0.80908203125}, {"start": 659.88, "end": 660.58, "word": " Q.", "probability": 0.9755859375}, {"start": 663.76, "end": 664.74, "word": " Perfectly", "probability": 0.913818359375}, {"start": 664.74, "end": 666.48, "word": " inelastic", "probability": 0.8499348958333334}, {"start": 666.48, "end": 667.0, "word": " supply,", "probability": 0.953125}, {"start": 667.3, "end": 667.46, "word": " very", "probability": 0.82177734375}, {"start": 667.46, "end": 667.84, "word": " short", "probability": 0.9638671875}, {"start": 667.84, "end": 668.08, "word": " term.", "probability": 0.351318359375}, {"start": 668.54, "end": 668.82, "word": " The", "probability": 0.84765625}, {"start": 668.82, "end": 669.2, "word": " supply", "probability": 0.95654296875}, {"start": 669.2, "end": 669.5, "word": " curve", "probability": 0.962890625}, {"start": 669.5, "end": 669.68, "word": " will", "probability": 0.8662109375}, {"start": 669.68, "end": 670.32, "word": " be", "probability": 0.953125}, {"start": 670.32, "end": 671.66, "word": " vertical.", "probability": 0.9228515625}, {"start": 672.58, "end": 672.96, "word": " And", "probability": 0.57666015625}, {"start": 672.96, "end": 674.34, "word": " let", "probability": 0.93603515625}, {"start": 674.34, "end": 674.48, "word": " us", "probability": 0.775390625}, {"start": 674.48, "end": 674.84, "word": " assume", "probability": 0.908203125}, {"start": 674.84, "end": 675.06, "word": " here", "probability": 0.765625}, {"start": 675.06, "end": 675.5, "word": " demand", "probability": 0.5947265625}], "temperature": 1.0}, {"id": 24, "seek": 70647, "start": 677.77, "end": 706.47, "text": " is a neutral, D1. The equilibrium occurs when demand equals supply or intersects supply, E1, P1, Q1. As the price goes up, the quantity produced will not be changed, right?", "tokens": [307, 257, 10598, 11, 413, 16, 13, 440, 15625, 11843, 562, 4733, 6915, 5847, 420, 27815, 82, 5847, 11, 462, 16, 11, 430, 16, 11, 1249, 16, 13, 1018, 264, 3218, 1709, 493, 11, 264, 11275, 7126, 486, 406, 312, 3105, 11, 558, 30], "avg_logprob": -0.19131944047080146, "compression_ratio": 1.2720588235294117, "no_speech_prob": 0.0, "words": [{"start": 677.77, "end": 678.05, "word": " is", "probability": 0.62060546875}, {"start": 678.05, "end": 678.17, "word": " a", "probability": 0.2841796875}, {"start": 678.17, "end": 678.41, "word": " neutral,", "probability": 0.74560546875}, {"start": 679.27, "end": 679.61, "word": " D1.", "probability": 0.869140625}, {"start": 681.33, "end": 681.91, "word": " The", "probability": 0.8623046875}, {"start": 681.91, "end": 682.47, "word": " equilibrium", "probability": 0.96337890625}, {"start": 682.47, "end": 683.67, "word": " occurs", "probability": 0.9443359375}, {"start": 683.67, "end": 683.99, "word": " when", "probability": 0.9306640625}, {"start": 683.99, "end": 685.63, "word": " demand", "probability": 0.8525390625}, {"start": 685.63, "end": 686.15, "word": " equals", "probability": 0.89501953125}, {"start": 686.15, "end": 686.61, "word": " supply", "probability": 0.939453125}, {"start": 686.61, "end": 687.45, "word": " or", "probability": 0.66845703125}, {"start": 687.45, "end": 688.05, "word": " intersects", "probability": 0.8701171875}, {"start": 688.05, "end": 688.41, "word": " supply,", "probability": 0.91552734375}, {"start": 690.47, "end": 692.33, "word": " E1,", "probability": 0.970703125}, {"start": 694.43, "end": 694.99, "word": " P1,", "probability": 0.9521484375}, {"start": 696.31, "end": 696.87, "word": " Q1.", "probability": 0.93310546875}, {"start": 699.07, "end": 700.19, "word": " As", "probability": 0.966796875}, {"start": 700.19, "end": 700.37, "word": " the", "probability": 0.91650390625}, {"start": 700.37, "end": 700.67, "word": " price", "probability": 0.91357421875}, {"start": 700.67, "end": 701.09, "word": " goes", "probability": 0.9384765625}, {"start": 701.09, "end": 701.43, "word": " up,", "probability": 0.9736328125}, {"start": 702.33, "end": 702.79, "word": " the", "probability": 0.91943359375}, {"start": 702.79, "end": 703.11, "word": " quantity", "probability": 0.89501953125}, {"start": 703.11, "end": 703.83, "word": " produced", "probability": 0.91552734375}, {"start": 703.83, "end": 704.49, "word": " will", "probability": 0.88427734375}, {"start": 704.49, "end": 704.71, "word": " not", "probability": 0.9453125}, {"start": 704.71, "end": 704.91, "word": " be", "probability": 0.95166015625}, {"start": 704.91, "end": 705.37, "word": " changed,", "probability": 0.900390625}, {"start": 706.21, "end": 706.47, "word": " right?", "probability": 0.505859375}], "temperature": 1.0}, {"id": 25, "seek": 73235, "start": 710.99, "end": 732.35, "text": " demand, the producer will be unable to produce more. So we're talking about a very short run. Now, if the government impose a tax in the very short run, what will happen? In the very short run, the very short run.", "tokens": [4733, 11, 264, 12314, 486, 312, 11299, 281, 5258, 544, 13, 407, 321, 434, 1417, 466, 257, 588, 2099, 1190, 13, 823, 11, 498, 264, 2463, 26952, 257, 3366, 294, 264, 588, 2099, 1190, 11, 437, 486, 1051, 30, 682, 264, 588, 2099, 1190, 11, 264, 588, 2099, 1190, 13], "avg_logprob": -0.22549020016894622, "compression_ratio": 1.5970149253731343, "no_speech_prob": 5.960464477539063e-08, "words": [{"start": 710.9900000000001, "end": 711.6700000000001, "word": " demand,", "probability": 0.0186767578125}, {"start": 711.6700000000001, "end": 712.35, "word": " the", "probability": 0.88916015625}, {"start": 712.35, "end": 712.77, "word": " producer", "probability": 0.919921875}, {"start": 712.77, "end": 712.99, "word": " will", "probability": 0.84375}, {"start": 712.99, "end": 713.17, "word": " be", "probability": 0.9443359375}, {"start": 713.17, "end": 713.59, "word": " unable", "probability": 0.96142578125}, {"start": 713.59, "end": 713.95, "word": " to", "probability": 0.9697265625}, {"start": 713.95, "end": 714.33, "word": " produce", "probability": 0.880859375}, {"start": 714.33, "end": 714.71, "word": " more.", "probability": 0.9453125}, {"start": 715.43, "end": 715.75, "word": " So", "probability": 0.95458984375}, {"start": 715.75, "end": 715.91, "word": " we're", "probability": 0.77783203125}, {"start": 715.91, "end": 716.19, "word": " talking", "probability": 0.84716796875}, {"start": 716.19, "end": 716.53, "word": " about", "probability": 0.90380859375}, {"start": 716.53, "end": 716.71, "word": " a", "probability": 0.7431640625}, {"start": 716.71, "end": 716.89, "word": " very", "probability": 0.84912109375}, {"start": 716.89, "end": 717.23, "word": " short", "probability": 0.9677734375}, {"start": 717.23, "end": 717.39, "word": " run.", "probability": 0.58154296875}, {"start": 717.83, "end": 718.09, "word": " Now,", "probability": 0.9453125}, {"start": 718.79, "end": 718.89, "word": " if", "probability": 0.95166015625}, {"start": 718.89, "end": 719.07, "word": " the", "probability": 0.9189453125}, {"start": 719.07, "end": 719.41, "word": " government", "probability": 0.90478515625}, {"start": 719.41, "end": 719.89, "word": " impose", "probability": 0.69580078125}, {"start": 719.89, "end": 720.07, "word": " a", "probability": 0.85498046875}, {"start": 720.07, "end": 720.41, "word": " tax", "probability": 0.953125}, {"start": 720.41, "end": 721.33, "word": " in", "probability": 0.6767578125}, {"start": 721.33, "end": 721.47, "word": " the", "probability": 0.84375}, {"start": 721.47, "end": 721.73, "word": " very", "probability": 0.8466796875}, {"start": 721.73, "end": 722.15, "word": " short", "probability": 0.95361328125}, {"start": 722.15, "end": 722.45, "word": " run,", "probability": 0.89404296875}, {"start": 723.25, "end": 723.71, "word": " what", "probability": 0.94482421875}, {"start": 723.71, "end": 723.85, "word": " will", "probability": 0.79541015625}, {"start": 723.85, "end": 724.23, "word": " happen?", "probability": 0.9228515625}, {"start": 729.07, "end": 729.75, "word": " In", "probability": 0.406982421875}, {"start": 729.75, "end": 730.35, "word": " the", "probability": 0.875}, {"start": 730.35, "end": 730.57, "word": " very", "probability": 0.8486328125}, {"start": 730.57, "end": 730.97, "word": " short", "probability": 0.95703125}, {"start": 730.97, "end": 731.21, "word": " run,", "probability": 0.90966796875}, {"start": 731.43, "end": 731.65, "word": " the", "probability": 0.572265625}, {"start": 731.65, "end": 731.85, "word": " very", "probability": 0.84912109375}, {"start": 731.85, "end": 732.13, "word": " short", "probability": 0.9599609375}, {"start": 732.13, "end": 732.35, "word": " run.", "probability": 0.9267578125}], "temperature": 1.0}, {"id": 26, "seek": 76278, "start": 736.04, "end": 762.78, "text": " I'm asking about something else. When the government impose a tax in general, on the producers, on the sellers, what will happen to supply? Goes down or decreased. Except this case. In all cases, supply shifts left. Except this case.", "tokens": [286, 478, 3365, 466, 746, 1646, 13, 1133, 264, 2463, 26952, 257, 3366, 294, 2674, 11, 322, 264, 16080, 11, 322, 264, 31276, 11, 437, 486, 1051, 281, 5847, 30, 44471, 760, 420, 24436, 13, 16192, 341, 1389, 13, 682, 439, 3331, 11, 5847, 19201, 1411, 13, 16192, 341, 1389, 13], "avg_logprob": -0.19305890053510666, "compression_ratio": 1.4904458598726114, "no_speech_prob": 0.0, "words": [{"start": 736.04, "end": 736.4, "word": " I'm", "probability": 0.8994140625}, {"start": 736.4, "end": 737.24, "word": " asking", "probability": 0.8955078125}, {"start": 737.24, "end": 737.88, "word": " about", "probability": 0.87646484375}, {"start": 737.88, "end": 738.32, "word": " something", "probability": 0.87890625}, {"start": 738.32, "end": 738.72, "word": " else.", "probability": 0.88720703125}, {"start": 739.4, "end": 740.22, "word": " When", "probability": 0.5751953125}, {"start": 740.22, "end": 741.46, "word": " the", "probability": 0.89697265625}, {"start": 741.46, "end": 741.76, "word": " government", "probability": 0.91259765625}, {"start": 741.76, "end": 742.12, "word": " impose", "probability": 0.78857421875}, {"start": 742.12, "end": 742.28, "word": " a", "probability": 0.51953125}, {"start": 742.28, "end": 742.56, "word": " tax", "probability": 0.94873046875}, {"start": 742.56, "end": 742.8, "word": " in", "probability": 0.779296875}, {"start": 742.8, "end": 743.16, "word": " general,", "probability": 0.93017578125}, {"start": 744.24, "end": 744.82, "word": " on", "probability": 0.65771484375}, {"start": 744.82, "end": 745.04, "word": " the", "probability": 0.9208984375}, {"start": 745.04, "end": 745.6, "word": " producers,", "probability": 0.8798828125}, {"start": 745.9, "end": 746.04, "word": " on", "probability": 0.94677734375}, {"start": 746.04, "end": 746.2, "word": " the", "probability": 0.9296875}, {"start": 746.2, "end": 746.52, "word": " sellers,", "probability": 0.9365234375}, {"start": 747.18, "end": 747.58, "word": " what", "probability": 0.94482421875}, {"start": 747.58, "end": 747.74, "word": " will", "probability": 0.78955078125}, {"start": 747.74, "end": 748.12, "word": " happen", "probability": 0.9130859375}, {"start": 748.12, "end": 748.36, "word": " to", "probability": 0.97216796875}, {"start": 748.36, "end": 748.82, "word": " supply?", "probability": 0.7890625}, {"start": 749.96, "end": 750.24, "word": " Goes", "probability": 0.6318359375}, {"start": 750.24, "end": 752.28, "word": " down", "probability": 0.8349609375}, {"start": 752.28, "end": 753.16, "word": " or", "probability": 0.5595703125}, {"start": 753.16, "end": 753.7, "word": " decreased.", "probability": 0.62841796875}, {"start": 755.02, "end": 755.4, "word": " Except", "probability": 0.91845703125}, {"start": 755.4, "end": 755.82, "word": " this", "probability": 0.93603515625}, {"start": 755.82, "end": 756.14, "word": " case.", "probability": 0.9111328125}, {"start": 757.34, "end": 758.16, "word": " In", "probability": 0.96044921875}, {"start": 758.16, "end": 758.48, "word": " all", "probability": 0.94775390625}, {"start": 758.48, "end": 758.92, "word": " cases,", "probability": 0.91845703125}, {"start": 759.38, "end": 759.92, "word": " supply", "probability": 0.93017578125}, {"start": 759.92, "end": 760.58, "word": " shifts", "probability": 0.92578125}, {"start": 760.58, "end": 760.98, "word": " left.", "probability": 0.60693359375}, {"start": 761.64, "end": 762.1, "word": " Except", "probability": 0.923828125}, {"start": 762.1, "end": 762.46, "word": " this", "probability": 0.943359375}, {"start": 762.46, "end": 762.78, "word": " case.", "probability": 0.9150390625}], "temperature": 1.0}, {"id": 27, "seek": 79542, "start": 774.26, "end": 795.42, "text": " When the supply is perfectly inelastic. Perfectly inelastic demand. Sorry, here. Perfectly inelastic demand, like the demand for insulin. Who bears the whole of tax burden? Consumer. Here, the producer bears the whole of tax burden. So here, the producer bears", "tokens": [1133, 264, 5847, 307, 6239, 294, 338, 2750, 13, 10246, 356, 294, 338, 2750, 4733, 13, 4919, 11, 510, 13, 10246, 356, 294, 338, 2750, 4733, 11, 411, 264, 4733, 337, 21587, 13, 2102, 17276, 264, 1379, 295, 3366, 12578, 30, 39494, 13, 1692, 11, 264, 12314, 17276, 264, 1379, 295, 3366, 12578, 13, 407, 510, 11, 264, 12314, 17276], "avg_logprob": -0.207223364564239, "compression_ratio": 1.8776978417266188, "no_speech_prob": 3.5762786865234375e-07, "words": [{"start": 774.26, "end": 774.8199999999999, "word": " When", "probability": 0.2344970703125}, {"start": 774.8199999999999, "end": 775.38, "word": " the", "probability": 0.8193359375}, {"start": 775.38, "end": 775.74, "word": " supply", "probability": 0.9267578125}, {"start": 775.74, "end": 776.02, "word": " is", "probability": 0.94482421875}, {"start": 776.02, "end": 776.56, "word": " perfectly", "probability": 0.9423828125}, {"start": 776.56, "end": 777.46, "word": " inelastic.", "probability": 0.9480794270833334}, {"start": 777.64, "end": 778.2, "word": " Perfectly", "probability": 0.953369140625}, {"start": 778.2, "end": 778.84, "word": " inelastic", "probability": 0.9404296875}, {"start": 778.84, "end": 779.28, "word": " demand.", "probability": 0.91455078125}, {"start": 779.42, "end": 779.6, "word": " Sorry,", "probability": 0.71875}, {"start": 779.88, "end": 780.0, "word": " here.", "probability": 0.814453125}, {"start": 780.26, "end": 780.78, "word": " Perfectly", "probability": 0.950439453125}, {"start": 780.78, "end": 781.38, "word": " inelastic", "probability": 0.9440104166666666}, {"start": 781.38, "end": 781.78, "word": " demand,", "probability": 0.89208984375}, {"start": 781.86, "end": 782.02, "word": " like", "probability": 0.93603515625}, {"start": 782.02, "end": 782.18, "word": " the", "probability": 0.89990234375}, {"start": 782.18, "end": 782.44, "word": " demand", "probability": 0.9189453125}, {"start": 782.44, "end": 782.82, "word": " for", "probability": 0.94775390625}, {"start": 782.82, "end": 783.3, "word": " insulin.", "probability": 0.93505859375}, {"start": 783.7, "end": 783.9, "word": " Who", "probability": 0.85205078125}, {"start": 783.9, "end": 784.1, "word": " bears", "probability": 0.14794921875}, {"start": 784.1, "end": 784.28, "word": " the", "probability": 0.77001953125}, {"start": 784.28, "end": 784.9, "word": " whole", "probability": 0.4833984375}, {"start": 784.9, "end": 785.06, "word": " of", "probability": 0.75146484375}, {"start": 785.06, "end": 785.24, "word": " tax", "probability": 0.65087890625}, {"start": 785.24, "end": 785.42, "word": " burden?", "probability": 0.93798828125}, {"start": 785.6, "end": 786.08, "word": " Consumer.", "probability": 0.7734375}, {"start": 786.42, "end": 786.68, "word": " Here,", "probability": 0.80419921875}, {"start": 787.12, "end": 787.92, "word": " the", "probability": 0.9033203125}, {"start": 787.92, "end": 788.38, "word": " producer", "probability": 0.92919921875}, {"start": 788.38, "end": 788.76, "word": " bears", "probability": 0.90380859375}, {"start": 788.76, "end": 788.94, "word": " the", "probability": 0.8427734375}, {"start": 788.94, "end": 789.18, "word": " whole", "probability": 0.8818359375}, {"start": 789.18, "end": 789.34, "word": " of", "probability": 0.96435546875}, {"start": 789.34, "end": 789.6, "word": " tax", "probability": 0.88818359375}, {"start": 789.6, "end": 789.88, "word": " burden.", "probability": 0.9560546875}, {"start": 790.08, "end": 790.22, "word": " So", "probability": 0.95068359375}, {"start": 790.22, "end": 790.52, "word": " here,", "probability": 0.77734375}, {"start": 790.98, "end": 791.08, "word": " the", "probability": 0.9189453125}, {"start": 791.08, "end": 791.64, "word": " producer", "probability": 0.92578125}, {"start": 791.64, "end": 795.42, "word": " bears", "probability": 0.796875}], "temperature": 1.0}, {"id": 28, "seek": 82631, "start": 796.75, "end": 826.31, "text": " The total they exported. That's why they gave the first hand. Let us assume that the initial price was five. I hate this stuff. The question is why?", "tokens": [440, 3217, 436, 42055, 13, 663, 311, 983, 436, 2729, 264, 700, 1011, 13, 961, 505, 6552, 300, 264, 5883, 3218, 390, 1732, 13, 286, 4700, 341, 1507, 13, 440, 1168, 307, 983, 30], "avg_logprob": -0.4535714268684387, "compression_ratio": 1.2735042735042734, "no_speech_prob": 0.0, "words": [{"start": 796.75, "end": 796.97, "word": " The", "probability": 0.54345703125}, {"start": 796.97, "end": 797.37, "word": " total", "probability": 0.88037109375}, {"start": 797.37, "end": 797.65, "word": " they", "probability": 0.1552734375}, {"start": 797.65, "end": 798.03, "word": " exported.", "probability": 0.91552734375}, {"start": 798.95, "end": 799.23, "word": " That's", "probability": 0.5499267578125}, {"start": 799.23, "end": 799.55, "word": " why", "probability": 0.8916015625}, {"start": 799.55, "end": 802.37, "word": " they", "probability": 0.484375}, {"start": 802.37, "end": 802.67, "word": " gave", "probability": 0.447998046875}, {"start": 802.67, "end": 802.95, "word": " the", "probability": 0.5205078125}, {"start": 802.95, "end": 803.39, "word": " first", "probability": 0.322021484375}, {"start": 803.39, "end": 803.61, "word": " hand.", "probability": 0.16552734375}, {"start": 808.11, "end": 808.89, "word": " Let", "probability": 0.08355712890625}, {"start": 808.89, "end": 812.09, "word": " us", "probability": 0.732421875}, {"start": 812.09, "end": 812.57, "word": " assume", "probability": 0.8974609375}, {"start": 812.57, "end": 812.81, "word": " that", "probability": 0.58544921875}, {"start": 812.81, "end": 812.97, "word": " the", "probability": 0.8271484375}, {"start": 812.97, "end": 813.63, "word": " initial", "probability": 0.90625}, {"start": 813.63, "end": 814.11, "word": " price", "probability": 0.923828125}, {"start": 814.11, "end": 814.61, "word": " was", "probability": 0.9404296875}, {"start": 814.61, "end": 814.99, "word": " five.", "probability": 0.7197265625}, {"start": 817.55, "end": 817.55, "word": " I", "probability": 0.463134765625}, {"start": 817.55, "end": 818.95, "word": " hate", "probability": 0.90625}, {"start": 818.95, "end": 819.25, "word": " this", "probability": 0.94580078125}, {"start": 819.25, "end": 819.57, "word": " stuff.", "probability": 0.3505859375}, {"start": 821.97, "end": 822.75, "word": " The", "probability": 0.456298828125}, {"start": 822.75, "end": 825.81, "word": " question", "probability": 0.84130859375}, {"start": 825.81, "end": 826.03, "word": " is", "probability": 0.95166015625}, {"start": 826.03, "end": 826.31, "word": " why?", "probability": 0.85791015625}], "temperature": 1.0}, {"id": 29, "seek": 84361, "start": 827.51, "end": 843.61, "text": " Because it's a short term. Very short term. It's a very short term. This is a very short term.", "tokens": [1436, 309, 311, 257, 2099, 1433, 13, 4372, 2099, 1433, 13, 467, 311, 257, 588, 2099, 1433, 13, 639, 307, 257, 588, 2099, 1433, 13], "avg_logprob": -0.20958533367285362, "compression_ratio": 1.6964285714285714, "no_speech_prob": 2.384185791015625e-07, "words": [{"start": 827.51, "end": 827.71, "word": " Because", "probability": 0.1234130859375}, {"start": 827.71, "end": 828.03, "word": " it's", "probability": 0.90185546875}, {"start": 828.03, "end": 828.11, "word": " a", "probability": 0.63671875}, {"start": 828.11, "end": 828.31, "word": " short", "probability": 0.89013671875}, {"start": 828.31, "end": 828.59, "word": " term.", "probability": 0.904296875}, {"start": 829.31, "end": 829.91, "word": " Very", "probability": 0.67431640625}, {"start": 829.91, "end": 830.37, "word": " short", "probability": 0.9697265625}, {"start": 830.37, "end": 830.67, "word": " term.", "probability": 0.93359375}, {"start": 833.19, "end": 833.79, "word": " It's", "probability": 0.9599609375}, {"start": 833.79, "end": 833.89, "word": " a", "probability": 0.96044921875}, {"start": 833.89, "end": 834.07, "word": " very", "probability": 0.8642578125}, {"start": 834.07, "end": 834.39, "word": " short", "probability": 0.9638671875}, {"start": 834.39, "end": 834.67, "word": " term.", "probability": 0.91748046875}, {"start": 836.75, "end": 837.35, "word": " This", "probability": 0.06170654296875}, {"start": 837.35, "end": 842.71, "word": " is", "probability": 0.94091796875}, {"start": 842.71, "end": 842.85, "word": " a", "probability": 0.77978515625}, {"start": 842.85, "end": 843.03, "word": " very", "probability": 0.8759765625}, {"start": 843.03, "end": 843.43, "word": " short", "probability": 0.95654296875}, {"start": 843.43, "end": 843.61, "word": " term.", "probability": 0.91943359375}], "temperature": 1.0}, {"id": 30, "seek": 87608, "start": 850.3, "end": 876.08, "text": " No, it's not always, but it's in the effect of tax burden, perfectly inelastic supply equals perfectly elastic demand. And it's effects, which means when supply is perfectly inelastic, the producer pays the whole of tax burden, okay? 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Yeah. In the very short run. Yeah, it will have the same. So let's have this summary here. 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Inelastic demand, most, the consumer pays most, least. Unitary elastic demand, 50-50.", "tokens": [1133, 4733, 307, 6239, 294, 338, 2750, 11, 411, 264, 4733, 337, 21587, 11, 264, 9711, 10604, 264, 1379, 2319, 4, 293, 4018, 13, 682, 338, 2750, 4733, 11, 881, 11, 264, 9711, 10604, 881, 11, 1935, 13, 1156, 4109, 17115, 4733, 11, 2625, 12, 2803, 13], "avg_logprob": -0.22265624534338713, "compression_ratio": 1.5275590551181102, "no_speech_prob": 0.0, "words": [{"start": 1008.33, "end": 1008.65, "word": " When", "probability": 0.65380859375}, {"start": 1008.65, "end": 1009.03, "word": " demand", "probability": 0.85595703125}, {"start": 1009.03, "end": 1009.37, "word": " is", "probability": 0.953125}, {"start": 1009.37, "end": 1009.97, "word": " perfectly", "probability": 0.9423828125}, {"start": 1009.97, "end": 1010.57, "word": " inelastic,", "probability": 0.80615234375}, {"start": 1010.75, "end": 1010.93, "word": " like", "probability": 0.85693359375}, {"start": 1010.93, "end": 1011.09, "word": " the", "probability": 0.787109375}, {"start": 1011.09, "end": 1011.61, "word": " demand", "probability": 0.9501953125}, {"start": 1011.61, "end": 1011.95, "word": " for", "probability": 0.91357421875}, {"start": 1011.95, "end": 1012.69, "word": " insulin,", "probability": 0.91552734375}, {"start": 1013.59, "end": 1014.31, "word": " the", "probability": 0.677734375}, {"start": 1014.31, "end": 1014.77, "word": " consumer", "probability": 0.8681640625}, {"start": 1014.77, "end": 1015.15, "word": " pays", "probability": 0.85400390625}, {"start": 1015.15, "end": 1015.57, "word": " the", "probability": 0.88427734375}, {"start": 1015.57, "end": 1015.87, "word": " whole", "probability": 0.88134765625}, {"start": 1015.87, "end": 1016.33, "word": " 100", "probability": 0.403076171875}, {"start": 1016.33, "end": 1016.93, "word": "%", "probability": 0.417236328125}, {"start": 1016.93, "end": 1018.21, "word": " and", "probability": 0.90625}, {"start": 1018.21, "end": 1018.57, "word": " zero.", "probability": 0.74755859375}, {"start": 1023.55, "end": 1024.35, "word": " Inelastic", "probability": 0.8033854166666666}, {"start": 1024.35, "end": 1024.93, "word": " demand,", "probability": 0.89501953125}, {"start": 1026.71, "end": 1027.29, "word": " most,", "probability": 0.59814453125}, {"start": 1028.05, "end": 1028.17, "word": " the", "probability": 0.888671875}, {"start": 1028.17, "end": 1028.57, "word": " consumer", "probability": 0.84375}, {"start": 1028.57, "end": 1028.93, "word": " pays", "probability": 0.92041015625}, {"start": 1028.93, "end": 1029.41, "word": " most,", "probability": 0.8955078125}, {"start": 1030.07, "end": 1030.51, "word": " least.", "probability": 0.9599609375}, {"start": 1032.81, "end": 1033.21, "word": " Unitary", "probability": 0.86474609375}, {"start": 1033.21, "end": 1033.71, "word": " elastic", "probability": 0.9501953125}, {"start": 1033.71, "end": 1034.19, "word": " demand,", "probability": 0.89892578125}, {"start": 1034.29, "end": 1034.85, "word": " 50", "probability": 0.740234375}, {"start": 1034.85, "end": 1035.15, "word": "-50.", "probability": 0.691650390625}], "temperature": 1.0}, {"id": 36, "seek": 106571, "start": 1038.03, "end": 1065.71, "text": " Elastic demand least most perfectly elastic demand zero one hundred percent. And the effects here. 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Unitary, unitary. Elastic demand, unelastic supply. Perfectly elastic demand, perfectly unelastic supply. 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