two figures in the diagram. A graph plots a demand and a supply curve on price against quantity. The horizontal axis represents Quantity and the vertical axis represents Price. The demand curve has a steep negative slope and the supply curve has a positive slope. Both the curves intersect each other at a low price value.A graph plots a demand and a supply curve on price against quantity. The horizontal axis represents Quantity and the vertical axis represents Price. The demand curve has a small negative slope and the supply curve has a steep positive slope. Both the curves intersect each other at a high price value. The sellers in the second market would be more hurt by a tax than the sellers in the first market because: supply in the first market is more elastic than supply in the second market. in the first market, supply is more elastic than demand, but in the second market, supply is less elastic than demand. supply in the first market is less elastic than supply in the second market. in the first market, supply is less elastic than demand, but in the second market, supply is more elastic than