A portion of a consumer's indifference map, and a budget line. The consumer's income is $2,400 and the price of Y is $12.

a.For the budget lines and indifference curves shown above, find three equilibrium consumption bundles and label the three bundles "A" for the low price of X, "B" for the medium price of X, and "C" for the high price of X.What are the three prices for X?Show your work here:

Low price: P_A = _____Medium price: P_B = _____High price: P_C = _____

b.Sketch/draw the demand curve that corresponds to the three price points in part a.Label the axes and label the demand curve "D".