2) Suppose a consumer has a daily income of $48 and purchases just two goods, A and B. The price of A is $8 and the price of B is $6. In the graph below, draw the budget line for the consumer. Indicate the area of the below graph that is attainable given the income and the area that is unattainable. (4 Marks)

a)If this consumer increased their daily income to $72, what would be the impact on the budget line?

b)If there was no increase in daily income (remains at $48), but the price of B increased from $6 to $8, what would be the impact on the budget line?

c)On the graph, draw the impact of the changes in a) and b).