Suppose the price for the compact disks CD is 7.5 each. suppose the price for downloading tracks of music legally is 1 for each song. Guy x has 30 to spend each month on music. draw the budget constraint on the graph paper provided with cds on the horizontal axis. suppose the price of downloaded tracks rises to 1.5. draw the new budget line. show using indifference curves the beginning and ending utility maximizing choices and the substitution on income effect given that downloaded tracks are inferior but not giffen goods. both are economic good. label the substitution and income effects.