3. Kyle eats two types of fruits - bananas and apples. He has a budget of $50 to spend on fruits per month. The price of bananas is $5 and that of apples is $10. a. Graph Kyle's budget line by plotting bananas on the horizontal axis and find the slope of his budget line. (9 points) Answer: b. Write down the budget equation for Kyle's consumption of fruits (bananas on the horizontal axis). (9 points) Answer: c. Suppose the price of bananas has doubled. Show this effect graphically and calculate the slope of the new budget line (bananas on the horizontal axis). (9 points) Answer: d. Suppose Kyle now reduces the money spent on fruits to $40. Show this effect on a graph and calculate the slope of the new budget line (bananas on the horizontal axis; price of bananas is $5 and price of apples is $10). (8 points)