Jordan eats two types of fruits - oranges and mangos. He has a budget of $60 to spend on fruits per month. The price of oranges is $4 per bag and that of mangos is $12 per bag. With this information, answer the questions below. (30 points)

1. Graph Kyle's budget line by plotting oranges on the horizontal axis and find the slope of his budget line. (10pt)
2. Write down the budget equation for Kyle's consumption of fruits (oranges on the horizontal axis). (5pt)
3. Suppose the price of oranges has doubled. Show this effect graphically (initial + new budget line) and calculate the slope of the new budget line (oranges on the horizontal axis). (10pts)
4. Suppose Kyle now reduces the money spent on fruits to $50. Show this budget line change on a graph (oranges on the horizontal axis; price of oranges is $4 and price of mangos is $12). (5pt)