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

Question 53

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.
In Figure 5-1,the total outlay on other goods before the excise subsidy is given by _____. 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. In Figure 5-1,the total outlay on other goods before the excise subsidy is given by _____. A) 0M B) 0N C) 0E D) 0G


A) 0M
B) 0N
C) 0E
D) 0G

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