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In the diagram to the right both goods are normal goods. 1.) Use the 3-point curved line drawing tool to draw two additional indifference curves
In the diagram to the right both goods are normal goods. 1.) Use the 3-point curved line drawing tool to draw two additional indifference curves each tangent to a different budget constraint reflecting the effects of changing income on goods X and Y. Properly label these indifference curves in order of increasing utility, I2and I3, respectively. 2.) Use the point drawing tool to draw two points to identify a consumer optimum for each level of additional income. Label these new points in alphabetic order (S, T). Carefully follow the instructions above, and only draw the required objects. Ly =3900) X
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