Objectives Apply elasticity principles to actual circumstances. Determine if elasticity is constant unitary, infinite, or zero by analyzing graphs. Instructions Please answer questions 1 and 2 below. The number of portraits and self-portraits painted by Frida Kahlo, who passed away in 1954, is a very inelastic supply. To show that demand for these artworks will decide the price, draw a supply and demand diagram while paying attention to the proper elasticities. On your diagram, don't forget to mark the two axes, both curves, and the equilibrium price and quantity. How does your picture depict supply being inelastic, in your own words?