1. Below is the budget line for George. Answer the following questions based on his monthly budget constraint 35 30 25 Quantity of Lattes 10 5 0 0 10 20 30 40 50 60 70 Quantity of Donuts (a) Suppose the price of lattes is $15.6. What is George's monthly income? (b) Based on the income found in Part A. What is the price of donuts? (c) Suppose the price of lattes $5.5. Draw in new budget line on the below chart. 100 90 80 70 60 Quantity of Lattes 50 40 30 20 10 0 0 10 20 30 40 50 60 70 Quantity of Donuts