1.John spends his entire income on shoes and hats. State the equation of the budget line and draw the budget line in each of the following situations.

i)Monthly income is K1000, the price of a pair of shoes is K8 and the price of the hat is K10.

ii)Same condition as in (i) above except that the income has changed to K500.

iii)Same condition as in (i) above, except that the income is K2000 and the price of a pair of shoes is K16.

iv)Same conditions as in (i) above except that the hats cost K5 each.