3. (15 points) A college student has two options for meals: ordering takeout delivered or eating Ramen noodles. Her weekly food budget is $120. Takeout delivery meals cost $12 each. Ramen noodles are $3 per meal. a. Draw the budget constraint showing the trade-off between takeout meals and Ramen noodles. Assume that she spends equal amounts on both kinds of meals and draw an indifference curve showing the optimum choice. Label the optimum point A. b. Suppose the price of Ramen noodles rises to $4. Using the chart from part a., show the consequences of the change in price. Assume that our student now spends only 20% of her income on takeout delivery. Label the new optimum point B. c. What happened to the quantity of Ramen noodles consumed as a result of this price change? What does this result say about the incorne and substitution effects? Explain. (I. Use points A and B to draw a demand curve for Ramen noodles. What is this type of good called