1. (6 pts) On a graph where the horizontal axis is Good 1 and the vertical axis is Good 2, draw a standard budget set and an indifference curve I that is tangent to the set's budget line. (To make your answers clear, you may want to draw this graph 3 more times, and in each graph answer one of the below questions) (a) Illustrate what happens to the quantities of Good 1 and Good 2 demanded when the price of Good 1 increases on the graph you drew above. (b) Illustrate what happens to the quantities of Good 1 and Good 2 demanded when the amount of income increases on the graph you drew above. (c) Illustrate what happens to the quantities of Good 1 and Good 2 demanded when the price of Good 2 increases on the graph you drew above