Assume the prices of product X and Y are $1.50 and $1.00, respectively, and that Mr. Chen has $24 to spend. Assume a normal indifference curve. Assume that Mr. Chen needs 4 of product X to maximize utility. a. What is the slope of Mr. Chen's budget constraint. b. Write out Mr.Chen's equation to his budget constraint. c. What combination of X and Y will Mr. Chen purchase? d. Now assume that the price of Y changed from $1.00 to $2.00, redo part a, b and c,

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