A policy taxes a normal good and raises its price. The government also refunds enough money to the consumer so that the consumer is still able to buy their original bundle even with the higher price. 1) The consumer will buy more of the good than they originally did. Il) The budget line with the tax and refund will be steeper than the original budget line. Select one: a. Statement I is true but statement Il is false. b. Both statements are false. c. Statement Il is true but statement l is false. d. Both statements are true