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

question 79

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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   -Refer to Figure 5-1.From the initial point of equilibrium,an excise subsidy will move the consumer to point _____. A) E B) C C) B D) A
-Refer to Figure 5-1.From the initial point of equilibrium,an excise subsidy will move the consumer to point _____.


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