This question pertains to a situation in which a particular commodity, like rice, is both available at a subsidised rate from a fair price shop (ration shop) and at a higher price from the open market. Suppose a consumer can buy a certain (fixed) quantity of rice at a lower price from the ration shop (that is, there is a ration quota). In addition, he can buy more of rice (assume a uniform quality of rice) from the open market at a higher price. (You may assume that consumers preferences are represented by standard downward sloping, smooth, convex indifference curves.) (a) Graphically depict the consumer's equilibrium (assuming he exhausts the ration quota and in addition buys from the open market). (b) Suppose rice is a normal good. What will happen to the quantity of rice purchased from the open market (over and above the ration quota) in equilibrium if there is a cut in the ration quota? Briefly explain. (c) Suppose rice is a normal good. What will happen to the quantity purchased in the open market (over and above the ration quota) if the subsidised price (price at which the ration quota rice could be bought) is increased (but is still lower than the open market price)? Will your conclusion change if rice is an inferior good? Briefly explain.