-Refer to Figure 5

question 57

Multiple Choice

-Refer to Figure 5.2.Suppose the price of gas is $3,the price of food is $5 and the consumer's income is $300.If the government rations gas to 50 gallons,how much food will the consumer buy?

• A) 30
• B) 50
• C) 60
• D) 15

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Definitions:

Breach of Contract

The violation of any agreed-upon terms and conditions in a binding contract.

Art Collector

An individual or institution that accumulates and owns art pieces, often for personal enjoyment, investment, or exhibition.

Unemployed

The state of being without a paid job but available to work.

Guarantee

An assurance or promise that certain conditions will be fulfilled, often used in the context of a product's quality or the outcome of a service.