can i get the answer step by step thx a lot. 4. {20 points) Suppose...

can i get the answer step by step thx a lot

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4. {20 points) Suppose that X is an inferior good and there is a price increase in X. Draw the change using the graph below, Showing the intermediate change as well as the final consumption bundle. Specifically, do the following: . Label the initial consumption bundle as A, intermediate as B, and final as C. . Show which part is the substitution effect, and which is the income effect. . Label the initial, intermediate, and the final budget constraint (BOA, BOB, BOO). . Label the initial and the final indifference curves (HA, no). Y a.

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