welfare loss

1. In which case would the shortage resulting from a price ceiling be greater: when supply is inelastic or elastic? Explain your answer.
2. Demonstrate how a price floor is like a tax on consumers and a subsidy to suppliers. Label the following: tax on consumers, transfer of surplus to suppliers, and welfare loss.
a. Who gets the revenue in the case of a tax?
b. Who gets the revenue in the case of a price floor?