1. Niko is buying candles and bottles of wine with his income and he has convex indifference curves as shown below that fit the standard assumptions. The price of a candle is $2/candle and the price of a bottle of wine is $1/bottle. Q of Bottles of Wine - " E | | | Q of Candles a. Fill in the following table, show your work on the graph - that is draw in the budget constraints and show the tangencies for the 2 income values in the table. Income Qcandles Qbottles Pcandle/Pbottle MRS SLOPE of the budget constraint|||SLOPE of the indifference curve $20 $40 b. Are candles a normal or inferior good? How do you know? c. Are bottles of wine a normal or inferior good? How do you know?