give the brief answer

Question 1 [25 marks) Kyle eats two types of fruits bananas and apples. He has a budget of $50 to spend on fruits per month. The price of bananas is $5 and that of apples is $10. a. b. Graph Kyle's budget line by plotting bananas on the horizontal axis, and nd the slope of his budget line. Write down the budget equation for Kyle's consumption of fruits (bananas on the horizontal axis) Suppose the price of bananas has doubled. Present this effect graphically and nd his new slope of the new budget line (bananas on the horizontal axis). . Suppose Kyle now reduces the budget spent on fruits to $40. Present this effect graphically and nd his new slope of the new budget line (bananas on the horizontal axis, and price of bananas is $5 and that of apples is $10). Qggsgign 2 (25 marks[ a. Suppose the price of oranges fell from US$40 a ton to US$30 a ton and quantity sold increased from 130 tons to 180 tons. What is the value of the price elasticity of demand. using the midpoint formula? Show your work. b. Assume price of oranges today is $30. If orange growers want to increase their revenue. what should they do to the price of oranges? Provide a brief explanation