1-Suppose that there are two goods, X and Y. Explain step by step with relevant graphs 1) how consumer reacts to the price change of good X and 2)

1-Suppose that there are two goods, X and Y. Explain step by step with relevant graphs 1) how consumer reacts to the price change of good X and 2) change of income M? Consider following points.

- Slope change of budget line

- Parallel movement of budget line

- Utility maximizing points

- Price-consumption curve

- Income consumption curve

- Demand Curve - Engel Curve

2-What are the relationships among marginal utilities, the marginal rate of substitution, and the slopes of indifference curves?