Question 1 Suppose that a consumer has an income of $100. Suppose that pizza slices cost $5 each and that beer costs $10 a pint for the first 5 pints and $5 for each pint over five. Let y denote the number of pizza slices and x denote the number of beers. Assume that goods are perfectly divisible. 1.1 What is the slope of the budget constraint if x05? 1.2 I Carefully draw the budget constraint on a diagram with pizza on vertical axis and beer on the horizontal axis. Make sure to label your graph, indicate both intercepts, and the slope of the budget constraint. 1.3 How does the budget constraint change if a 10% sin value-added tax is imposed on beer regardless of quantity consumed? What happens to the slope of the budget constraint if x5