Question: Draw two supply/demand graphs, one with a highly elastic supply and the other with a highly inelastic supply.Give the two demand curves a similar slope

Draw two supply/demand graphs, one with a highly elastic supply and the other with a highly inelastic supply.Give the two demand curves a similar slope and make the equilibrium price the same for both graphs.On each graph put a price ceiling at the same level and identify the shortage and deadweight loss.In which case is the effect from the price ceiling larger?

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