Consider 2 goods: good 1 has an inelastic demand and good 2 has an elastic demand. Supposethat technological progress increases the supply of both goods.Explain with words + graph the following: In each market (market for good 1 and good2) what happens to the equilibrium priceand quantity? Which product experience the largest change in quantity and the largestchange in price? On each good, explain what happens to total consumer expenditures