Since 1979, low-income recipients have been given food stamps without charge. However, before 1979, people bought food stamps at a subsidized rate. For example, to get $1 worth of food stamps, a household paid about 40 (the exact amount varied by household characteristics and other factors). What is the budget constraint facing an individual if that individual may buy up to $100 per month in food stamps at 40 per each $1 coupon? Compare this constraint to the original budget constraint with no assistance and the budget constraint if the individual reoeives $100 of food stamps for free. Assume the individual has income of $120 per month. 1.) Using the multipoint curved line drawing tool. graph the Mget constraint facing this food stamp recipient with subsidized food stamps. Label this line 'L1'. 2.) Using the line drawing tool, graph the budget constraint with no food stamp assistance. Label this line 'L2.' 3.) Using the multipoint' curved line drawing tool, graph the budget constraint with $100 in free food stamps. Label this line 'L3.' Carefully follow the instructions above, and only draw the required objects. ,o 200 ,o Vi on o m o 4; o N o Expenditures on other goods in dollars per month 3 o 0 0 20 40 60 80 100120 140160180 200 220 Market value of food purchased In dollars per month After plotting the nal point of your multipoint curve, press the Esc key on your keyboard to end the line