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Please show all your work, thank you! 1. An individual sets aside a certain amount of her income per month to spend on her hobbies,

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Please show all your work, thank you!

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1. An individual sets aside a certain amount of her income per month to spend on her hobbies, collecting wine and collecting books. Given the information below, draw a chart showing the price-consumption curve associated with changes in the price of wine, and another chart showing the demand curve for wine. PRICE OF PRICE OF QUANTITY OF QUANTITY OF BUDGET WINE BOOK E BOOKS $10 -_ $12 - .- $15 $20

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