2. Draw a graph with two demand curves - one that is fairly elastic {labeled De) and one that is fairly inelastic {labeled Di}. Draw a supply curve and label it 5. Suppose this market sees an increase in the price of this good due to the imposition of a tax. Draw the new supply curve and label it SE. Compare the impact in the market of the shift in supply between the elastic demand curve and the inelastic demand curve. Which demand curve would create more deadweight loss in the market when supply shifts? How can elasticity be used to explain the difference in the size of deadweight loss