Ian buys only chocolate-chip cookies and cashew nut milk.In year 1, Ian earns$100.Cashew nut milk costs $2 per quart, and chocolate-chip cookies cost $4 per dozen.Draw a graph indicating Ian's budget constraint and an indifference curve indicating optimum consumption.Then suppose that in year 2 all prices increase by 15% but Ian's salary remains the same.Round to the nearest whole number.On the same graph, draw Ian's new budget constraint and optimum consumption.Briefly explain how Ian's optimal combination of cashew nut milk and chocolate-chip cookies in year 2 compares to the optimal combination in year 1.

1. Draw your own graph on a piece of paper.
2. Clearly label all axes and lines. Provide all necessary details.