relativeIn this assignment, I want you to draw two separate graphs, with a perfectly inelastic demand
curve on one graph and a perfectly elastic demand curve on the other graph. Keep a unit elastic
supply curve but make sure it is the same supply curve for both graphs. Using the graphs,
illustrate what happens to consumer and producer surplus when a tax is levied upon this
market. Assume that the tax size is exactly same in both scenarios. In which scenario is the
relative consumer worse off?