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Question 6 (1 point) Saved Figure 5-1 shows the preferences of a consumer for food and the composite good with its price of $1. S/He

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Question 6 (1 point) Saved Figure 5-1 shows the preferences of a consumer for food and the composite good with its price of $1. S/He is initially in equilibrium at point A where the budget line MN is tangent to the indifference curve. Figure 5-1 Composite good E B 0 G H JN NE Food In Figure 5-1, the total outlays on the composite good after the excise subsidy is given by a) ON 2 3 9 5 4 UX 0) W E R T S D F G

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