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3. Suppose that Anna consumes good X and good Y and that her indifference curves and budget lines are shown below. Suppose that the price

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3. Suppose that Anna consumes good X and good Y and that her indifference curves and budget lines are shown below. Suppose that the price of good Y is $5 (i.e., P3. = 5) and that Anna's income in $1500 (i.e., M: 1500). Bundles A, B, and C are optimal consumption bundles for various prices of good x. H D 601} 1.000 1.590 a. Suppose that Anna consumes bundle A and that the price of good X initially is $2.50 {JP1r = 2.50). If Anna is consuming bundle A, what is the quantity of good X that she will consume? Show your work. b. Suppose that the price of good X decreases so that she is able to consume bundle B, what is the new price of good X (i.e., nd the new Pr}? At bundle B, Anna consumes 600 units of good X. Showr your work. e. Based on the analysis above, construct Anna's demand curve for good X. Be sure to clearly mark out an},I and all points on the demand curve and label your axis appropriately

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