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Consider “food” as one of the goods that Adam (consumer) buys. In the model of consumer...

Consider “food” as one of the goods that Adam (consumer) buys. In the model of consumer choice, think of food as variable X (horizontal axis) and all other goods as variable Y (vertical axis).
Suppose that the price of food increases while all other variables (Adam’s income, price of Y) remain the same. What is going to happen with (a) Adam’s consumption of food and (b) Adam’s spending on food as the percentage of his income?
Your answer should be supported by the graphical analysis (model of consumer choice).

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