and 4 units of 4. Your budget is such that if you spend your entire income, you can afford either 3 units of good good y or 12 units of x and 1 units of y. (a) Mark these two consumption bundles and draw the budget line in the graph below. 8 6 4 2 0 0 4 8 12 16 (c) If (d) If (b) What is the ratio of the price of x to the price of y? you spent all of your income on x, how much x could you buy? you spent all of your income on y, how much y could you buy? (e) Write another budget equation that gives you the same budget line, but where the price of x is 3