1. Illustrate how budget line will shift subject to the following changes: (submit 4 graphs from b to e) Show Solutions on each number. a. Draw a budget line (indicate the X and Y intercepts) given that: Budget = Pl,000 Price of X = P200 Price of Y = P250 b. Show the shift in budget line if price of X rises to P400. (show original budget line and the new budget line) c. Show the shift in budget line if price of Y rises to P500. (Show original budget line and the new budget line) d. Show the shift in budget line if price of X lowers to P100. (Show original budget line and the new budget line) e. Show the shift in budget line if both prices remained at P200 and P250 respectively but income rises to 1,500. (show original budget line and the new budget line)