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Please give correct answer. 1. Draw the household's budget line on the diagram below. If they were to buy only one good or the other,

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Please give correct answer.

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1. Draw the household's budget line on the diagram below. If they were to buy only one good or the other, how many total L of gas could they buy? How many of all other goods? 1 50 140 130 120 1 1 O 100 90 80 70 60 50 40 30 20 1 0 0 All Other Goods o 25 50 75 100 125 150 175 200 225 250 Gas Consumption (Litres) 2. Indicate where the household will consume. How many litres of gas? How many of all other goods? Label this Point A

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