Question: I need help with this problem. 1. The original budget line is mm + p2$2 : I. The government decides to impose a lumpsum tax

I need help with this problem.

1. The original budget line is mm + p2$2 : I. The government decides to impose a lumpsum tax of T 6 (0,1), a quantity tax on good 1 of t > 0 dollars, and a quantity subsidy on good 2 of s 6 (0,192) dollars. (a) Write down an equation for the new budget line. (1 point) (b) Sketch the original and new budget lines. Clearly label your graph. (1 point)

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