1. Assume that when the price of X decreases the consumption of Y remains the same. Draw the appropriate indifference curves and budget lines, label the axes, and the optimal consumptions. Also, in...

Extracted text: 1. Assume that when the price of X decreases the consumption of Y remains the same. Draw the appropriate indifference curves and budget lines, label the axes, and the optimal consumptions. Also, in your graph show and label the price-consumption curve. How would you determine, using your graph, if X is a normal good? Explain