Chapter 9 Homework 1. In the graph below are three of Mr. T's budget lines, each associated with a different price of Good X. Throughout the graph, the price of Good Y is 3 and Mr. T's income is 144. 48 40 70 72 a. What are the three prices for Good X associated with the three budget lines drawn? b. What is Mr. T's quantity of Good X demanded that is associated with each of the three prices for Good X in part a? C. Points B, D and F also lie on the price consumption line (as do points A, C and E). Point B is (18, 18), Point D is (24, 24) and Point Fis (36, 36). What three prices of Good X are associated with each of the points B, D and F? (Hint: for any (just) affordable bundle for Mr. T, Pyx + 3y = 144.) d. What is Mr. T's quantity of Good X demanded that is associated with each of the three prices for Good X in part c? e. Complete a demand schedule like the one below for the six points that we now know that lie on Mr. T's demand curve. You only need to report columns 2 and 3. Price of Good X Quantity of Good X Demanded Highest of the six prices from (a) and (c) 2nd highest 3'd highest 4th highest 5th highest Lowest of the six prices from (a) and (c)In a graph with the Price of Good x on the vertical axis and Quantity of Good X Demanded on the horizontal axis, plot these six points. Connectthe dotsto oomplete of rough sketch of Mr. T's demand curve for Good X. Based on the derivation of this demand curve,what three things could change to cause Mr. T's demand curve for Good X to shift