attempt using Slutsky

James consumes burgers and pies. His income is $20, and when burgers and pies both cost $1, James consumes 4 burgers and 16 pies (Draw a point A name it Figure A). But when the price of pies rises to $2, James consumes 12 burgers and 4 pies (show point B in Figure A). a. Why does the budget constraint shift/rotate as it does in response to the increase in the price of pies? Show this shift rotate in figure A with actual number provided above. b. Draw the diagram (name it Figure B) on a piece of paper. On your diagram, separate the change in the consumption of pies into the substitution effect and the income effect. Which is larger? c. Are pies a normal or inferior good? How do you know? Are burgers a normal or inferior good? How do you know