Ria earns an income of $3,000 per month. Assume that she can either buy 5 laptops or 10 mobile phones with her income. The price of laptops is $600, and the price of the mobile phone is $300. Suppose Ria's income increases by 20% and the price of the laptops decreases to $450, what will be the effect on the budget constraint? 1.) Using the line drawing tool, draw a new budget constraint representing the given effects. Carefully follow the instructions above and only draw the required object. The new budget constraint has a different than the initial budget constraint. I Quantity of mobile phone 12 11- 10- 10 2- 1- to -N 4 Quantity of laptop 9 10 11 13

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