Draw the following scenario: Muhammad's percelves canned tuna (Y) as an inferior good and fresh tuna (X) as a normal good. If his income Increases by 100%, and his Income elasticity of both types of...

Draw the following scenario: Muhammad's percelves canned tuna (Y) as an inferior good and fresh tuna (X) as a normal good. If his income Increases by 100%, and his Income elasticity of both types of tuna is 1. Show the effect of this increase in income on the change in his optimal choice of canned and fresh tuna, highlighting his income-consumption curve. Clearly label your graph. Reflect the proportional changes in your graph. The graph may be something like that


Extracted text: 2) U1 U2 1*