This is about income and substitution effects in microeconomics. Please show all your workings, answers, graphs, explanations. Answer all questions correctly.

Income & Substitution Effects (20 Marks) (:1) On a set of axis show Ms Customer (a utility maximizing consumer with well-behaved preferences) consuming a combination of good X and good Y. (3 marks) (b) Show the effect on your diagram of a decrease in the price of good X. Assume both goods are normal goods. Be sure to explain the income and substitution effects. (8 marks) (c) Describe (do NOT draw a diagram) the income and substitution effects if good X in (b) above were an inferior good. (2 marks) (d) Explain the difference between a normal good, an inferior good and a giffen good. (3 marks) Assume Ms Customer spends $300 on two goods, good X and good Y. The price of good X (PX) is $3, and the price of good Y (P)? is $6. Assume her MRS is Y/X. (6) Use the information given above along with your own knowledge to calculate Ms Consumer's best affordable bundle. Show your working. (4 marks)