Cynthia buys gasoline and other goods. The government considers imposing a lumpsum tax, L dollars per person, or a specic tax, t dollars per gallon. lf L and tare such that either tax will raise the same amount of tax revenue from Cynthia. which tax does she prefer and why'? 1.} Using the tine drawing toot, draw a new budget line representing the specic tax (oft dollars per gallon}. Label this line 'L2_' 2.} Using the threepoint curved tine drawing toot, draw a new indifference cu we on which Cynthia maximizes utility with the specic tax. Label this curve 'l2_' 3.} Using the point drawing toot, indicate the new optimal consumption bundle on the new budget line. Label this point 'e2.' Carts-fatty foitow the instructions abo tie; and oniy draw the required objects. The graph to the right shows the new budget line representing the lumpsum tax (of L dollars per person, L3}, the new indifference curve on which Cynthia maximizes utility with the perperson tax (l3), and the new optimal consumption bundle on the new budget line (e3). Cynthia prefers bundle Y . 9,6 Other g and s G1 Gasoline Other goods e1 12 G2 G3 G1 Gasoline