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3 1 point Suppose the demand for batteries in relatively inelastic and the supply is relatively elastic. Assume that the batteries are sold in a competitive market. a) Draw a correctly labeled graph of the battery market. On your graph show the equilibrium price and quantity of batteries, labeled Pe and Qe. b) Suppose the government levies a $2 per unit tax on the producers of batteries. On your graph from part (a), show each of the following after the tax is imposed. i) The price paid by buyers, labeled Pb ii) The after-tax price received by sellers, labeled Ps iii) The quantity, labeled Qt c) Using the labeling on your graph, explain how to calculate the total tax revenue collected by the government. d) Will the tax burden fall entirely on the buyers, entirely on the sellers, more on buyers and less on sellers, more on sellers and less on buyers, or equally on buyers and sellers? Explain