Suppose that there is a household with an income of SEDD. They are considering buying clothes [C] and Food [F]. We are going to abstract away from different types ofclothes and food, and just think. of them as amorphous units, with a price per unit within each category. The price of clothes [p:} is $25 per unit and the price of food {pic} is $5 per unit. 1. Draw the budget constraint for this household. For full credit, be sure to label the y- intercept and s-intercept. Draw this with food on the s-asis and clothes on the y-axis. [2 points] 2. What is the slope ofthis budget constraint? [1 point] Hint: This slope should be negative. Suppose that they are considering buying three bundles ofgoods. 3. For each ofthe following bundle, state whether they are affordable or not affordable and how you know: [3 points] 3.1. Bundle 1: E. units of Clothes and 2D units of Food. 3.2. Bundle 2: 2 units of Clothes and 3D units of Food. 3.3. Bundle 3: 4 units of Clothes and 2D units of Food. Finally, one way that governments [try to]: help low-income families maintain a minimum leyel of nutrition is through the idea of Food Stamps. Food stamps act as a coupon that can only be spent on food. Suppose that this household receiyes an additional $1DD in food stamps that once again may only be spent on food. 4. Draw the new budget constraint for this household. As before, draw this with food on the s- aJtis and clothes on the y-axis and label the y-intercept, s-intercept, and any kinks. [3 points] 5. What is the slope ofthis new budget constraint [BC]? [1 point] Note: if the slope is different on different parts of the BC, tell us what the slope is on each different part of the BC