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Figure 5-1 Shows the Preferences of a Consumer for Food

Question 38

Multiple Choice

Figure 5-1 shows the preferences of a consumer for food and other goods.He is initially in equilibrium at point A where the budget line MN is tangent to the indifference curve.
Figure 5-1 Figure 5-1 shows the preferences of a consumer for food and other goods.He is initially in equilibrium at point A where the budget line MN is tangent to the indifference curve. Figure 5-1 -In Figure 5-1,the total cost incurred by the government on the excise subsidy is given by _____. A) CE B) BF C) CH D) BJ
-In Figure 5-1,the total cost incurred by the government on the excise subsidy is given by _____.


A) CE
B) BF
C) CH
D) BJ

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