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hi please The following graph shows your indifference map for Hoho's and Beer. Hoho's 12 13 15 10 VB1 B3 10 15 Beer Assume utility

hi please

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The following graph shows your indifference map for Hoho's and Beer. Hoho's 12 13 15 10 VB1 B3 10 15 Beer "Assume utility maximization for all questions. Hoho's are $1.00, Beers are $1.00 and you have an income of $10.00 1. Which curve represents your budget line? 2. How many Hohos do you buy?* 3. How many Beers do you buy?* The price of Beer goes up to $ 2.00 (c.p.) 4. Which curve represents your new budget line? 5. How many Hohos do you buy?*3. How many Beers do you buy?* The price of Beer goes up to $ 230 {c.pJ 4. Which curve represents your new budget line? 5. How many Hohos do you buy?' 6. How many Beers do you buy?* The substitution effect from the above price change will cause: i". The number of Hohos bought to increase I decrease? B. The number of Beers bought to increase I decrease? The real-income effect from the above price change will cause: 9. The number of Hobos bought to increase I decrease? 10. The number of Beers bought to increase I decrease? 11. Which effect was strongest? (Substitution ! Real-incomer Neither}

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