Hobbes consumes two things: tuna and swordfish steaks. Put swordfish steaks on the y-axis. Again, assume that these are independent scenarios, not sequential.

(a) Graphically show the income and substitution effects of an increase in the price of swordfish steaks on Hobbes' optimal consumption bundle. Describe in words what is happening. Assume they are both normal goods.

(b) Hobbes recently learned that dolphins are harmed in the process of obtaining tuna, so he views tuna as an inferior good, but not a Giffen good. On a new graph, show the effects of a drop in the price of tuna. Describe in words what happens.

(c) Now suppose that Hobbes views tuna as a Giffen good. Show and describe what will happen when the price of tuna increases.

P.S. ASSUME AN OPTIMAL CONSUMPTION BUNDLE (POINT OF TANGENCY IS NOT SPECIFIED)