uull-lulllrauaull Iul Illl DIU'III Huubhh Iul nun. u: IIII\\_l- lull-f\"! Fun-qul d} Use the diagram to construct Paul's individual demand curve for coffee by completing the following steps: - Amend the diagram suitably to find Paul's optimal choice of hot drinks if the price of a cup of coffee increases to 1.50 and the tea price remains constant. 0 Repeat this step for a coffee price of 2 (again, the tea price remains constant). 0 Draw a new diagram (\"Diagram 2'} with Paul's individual demand curve for coffee. Clearly show the three points in your new diagram that correspond to Paul's optimal choices under each of the three price levels in the previous diagram. All relevant information MUST be clearly indicated on the diagrams, such as the intercepts of the budget line, the namings of the axes in the demand-curve 'Diagram 2', and the coordinates of the three optimal choices in each diagram. [27% of points] e] Pauline's preferences are identical to Paul's. Add the market demand curve for the market for coffee to your 'Diagram 2' (part d), under the assumption that Paul and Pauline are the T