\fECON302 - Intermediate Microeconomics - PROBLEM SET #9 - DUE: Tue April 2 at 11.00AM via Canvas. Clearly identify the solution. Show your work. - You are encouraged to type your solutions. It is your responsibility to make sure that the solution is legible, correctly uploaded and viewable through the system. You may discuss the problems with classmates but you are required to write down your own solutions. Problem 1. Write down and graph the equation for the budget line when: 1. r denotes the quantity of product 1, and y denotes the quantity of product 2. The prices of goods 1 and 2 are p= = 6 and py = 12 respectively. The individual has an income of m = 60 2. In addition, a tax of $6 per unit is imposed on the quantity of good 1. 3. In addition to the previous tax, a tax of 50% is imposed on good 2. Problem 2. Explain the meaning behind the concept of: 1. (