3. A Giffen good is a good whose demand rises as its price rises. Graphically show that it is possible for good 2 to be a Giffen good even with convex, monotone preferences. To get full credit on this problem, you must do the following things: (a) (5 points) Correctly show the shift in the budget set when the price of good 2 rises (b) (5 points) Correctly maximize utility with indifference curves both before and after the price change (c) (10 points) Clearly show that good 2 is a Giffen good