Suppose that the government is considering raising the tax on aribo Gold Bears. Uurrently, the price of Gold Bears is $1.00 per pack. It is estimated that the tax increase will lead to a price of Gold Bears of $1.50 per pack (including tax). The consumer has income of $27 and can choose to consume Gold Bears and/or a second good, namely Y, which has a price of py = $1.50 1. Draw the budget line before and after the tax goes into effect. 2. Before the tax increase, the average consumer ate 12 packs of Golden Bears. The government knows this and decides to try to offset the cost of the tax by giving each consumer a direct payment or lumpsum subsidy of $6.00 (a tax of $0.50 applied to 12 units is $6.00). (a) Draw a new budget line that includes both the tax increase and the subsidy (you can do it on the same picture you drew for (1)). (b) At what value(s) does this new budget line (with both the new tax and subsidy) intersect the original budget line before the tax increase? (c) Who do you expect will benet from this tax+subsidy policy, consumers who eat a lot of Gold Bears (more than average) or those who eat few (less than average)? Explain