Suppose a consumer has income of 200 birr per month and he wants to spend all of his income on two goods, X and Y, whose prices are birr 4 and birr 5 respectively. Based on this information answer the following questions:

Express the budget line of the consumer both algebraically and diagrammatically.

Compute the equation of the budget line.

Determine the slope of the budget line and interpret the result

What will happen to the original budget line?

If money income doubles.

If the price levels increases by 50%.

If price of good Y doubles.