3. The monthly income of a typical low-income household is $1,250. The city government provides an additional monthly $750 housing voucher to low-income households; the voucher can only be used for renting housing. g 3.1. On the graph, draw the monthly budget constraint of a typical low-income household without the housing voucher. 3.2. Now draw the monthly budget constraint of a typical low-income household with the housing voucher. Some critics have accused low-income households of abusing the housing voucher system by renting luxury condos. Concerned with this accusation, the mayor introduces a new rule that limits the use of vouchers to housing that costs less than $750 per month. The voucher cannot be used at all to pay for housing that costs more than $750 per month. 3.3. On the graph, draw the new monthly budget constraint of a typical low-income housing voucher recipient with the new limitation. 3.4. Are low-income households better off as a result of this new policy? Explain your reasoning