1] A) Suppose that y is an inferior good and the price of y falls. Draw a budget constraint and indifference curve map that show the substitution effect and income effect of the price change. flat. Draw a graph. Why does this happen? Suppose that we know the following: dPx/gggo, where ENS the price of Y and 95.,\" the quantity of x demanded. Comment on the type of goods that y and x are. If gdo-ZP for one consumer and gd=10-3p for another consumer, and these two consumers are the only consumers in the market, what is market demand