Q1. Suppose we have an individual yordanos who consumes two goods X and Y. Draw a set of indifference curves for following situation's

a) When Yordanos views Good X and Y as perfect substitutes for each other.

b) When Yordanos views Good X and Y as complements of each other.

c) When Yordanos likes more of good X and less of good Y.

d) When Yordanos is neutral about good Y but likes good X.

Q2. What is a budget line? What does the intercept on the X axis measure? What does the intercept on the Y axis measure? What is the formula for the slope of the budget line?