Suppose Cenk consumes only two goods, Good X (inferior good) and Good Y (normal good). Given that these goods are imperfect substitutes of each other and he chooses the bundle, which maximizes his satisfaction, answer the following questions. a. For Cenk, draw a hypothetical equilibrium using his budget constraint and indifference curves and show his optimal bundle. (Place Good X on the horizontal and Good Y on the vertical axis.) b. Say, the price of Good X decreases. Show the Income and Substitution effects of this price change on Cenk's optimal

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