Read the article "US Airlines Raise Fares as Taxes Lapse" available at "Canvas/Files/Readings/Demand Supply and Market Process/News". The article indicates that an airline ticket tax was temporarily suspended for a short period of time and that this temporary lapse has resulted in a windfall profit for most airlines because there was little price adjustment. Draw a set of 4 supply and demand graphs to represent extreme cases, where every graph has a tax on in a way that you can see how much of the tax's incidence falls on consumers versus that of producers. These four graphs should be: Graph A: Very elastic demand; very inelastic supply. Graph B: Very elastic demand, very elastic supply. Graph C: Very inelastic demand; very inelastic supply. Graph D: Very inelastic demand; very elastic supply. If you've done this right, you can see in each case what these cases look like "with and without a tax" in this market. Which of the 4 graphs are most consistent with the actual facts provided by the article? The graph you choose (and I think there is only one correct answer) allows you to infer what the supply/demand elasticities must be