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 receives $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 budget 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. Expenditures on other goods in dollars per month 200- 180- 160- 140- 120- 100- 80- 60- 40- 20- 0- 20 40 60 80 100 120 140 160 180 200 220 Market value of food purchased in dollars per month 0 Q After plotting the final point of your multipoint curve, press the Esc key on your keyboard to end the line

Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.

Note:-  Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism.Answer completely.You will get up vote for sure.

Accordingtothetextbook,whichofthefollowingstatementsis(are)correct? (x)  When a taxpayer attempts to legally reduce her tax liability, she is engaging in “tax evasion” and when an individual fraudulently avoids paying taxing, she is engaging in “tax avoidance”. (y)  One tax system is considered more efficient than another if it raises the same amount of tax revenue at a lower cost to taxpayers. (z)  Part of the administrative burden of a tax is associated with the headache of filling out tax forms imposed on taxpayers who comply with the tax. (x), (y) and (z) (x) and (y) only (x) and (z) only (y) and (z) only (x) only