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Question 13 of 10 Polis Short Anwert: Oliver's preferences over goods XY are rational, monotonic and convex His price comption curve as the price of changes) his income consumption curve are both upward sloping Suppose the price of Xina, allele constam. Comunica chart in ew how the stom, income and total efects of this price increase will impact consumption of goods X and Y e increase, door or not change. Then, use bullied indifference curves to yraphically illustrate the sotal, income and substitution efforts of the price increase. Be sure to label coche poim MAHALAAN Oliver's preference over goods X and Yare rational, monotonic and convex. His price consumption (as price of X changes) and his income consumption curve are both upward sloping. Suppose the price of X increases, all else constant. Construct a chart to show how the substitution, income and total effects of this price will impact consumption of goods X and Y (i.e. increase, decrease or not change). Then, use budget lines and indifference curves to graphically illustrate the total, income and substitution effects of this price increase. Question 13 of 10 Polis Short Anwert: Oliver's preferences over goods XY are rational, monotonic and convex His price comption curve as the price of changes) his income consumption curve are both upward sloping Suppose the price of Xina, allele constam. Comunica chart in ew how the stom, income and total efects of this price increase will impact consumption of goods X and Y e increase, door or not change. Then, use bullied indifference curves to yraphically illustrate the sotal, income and substitution efforts of the price increase. Be sure to label coche poim MAHALAAN Oliver's preference over goods X and Yare rational, monotonic and convex. His price consumption (as price of X changes) and his income consumption curve are both upward sloping. Suppose the price of X increases, all else constant. Construct a chart to show how the substitution, income and total effects of this price will impact consumption of goods X and Y (i.e. increase, decrease or not change). Then, use budget lines and indifference curves to graphically illustrate the total, income and substitution effects of this price increase