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

question 13

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
-In Figure 5-1,the total consumption of food under a lump-sum grant equal in cost to the excise subsidy is given by _____.

• A)0N"
• B)0G
• C)0H
• D)0J

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Definitions:

Sense of Smell

The ability to detect and identify volatile substances through the olfactory system.

Loss of Balance

A condition where an individual struggles to maintain their body's equilibrium, which can result in unsteadiness or falling.

Blurred Vision

A lack of sharpness in seeing, resulting in the inability to see fine details.

Taste Food

The sensory experience caused by food or other substances on the taste buds of the tongue.