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3. On the same graph draw the following budget lines(i) 4x1+x2= 12(ii)x1+ 4x2= 12Which one of the two represents greater scarcity from the consumer's point

3. On the same graph draw the following budget lines(i) 4x1+x2= 12(ii)x1+ 4x2= 12Which one of the two represents greater scarcity from the consumer's point of view? If the consumercould "choose her circumstances", which one of the two budget lines do you think she would shechoose (and why)?

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