When most people think of vegetarians, they think of lacto-ovo-vegetarians. People who do not eat beef, pork, poultry, fish, shellfish or animal flesh of any kind, but do eat eggs and dairy products are lacto-ovo vegetarians (âlactoâ comes from the Latin for milk, and âovoâ for egg). Lacto-vegetarian is used to describe a type of vegetarian who does not eat eggs but does eat dairy products.
The consumption possibility curve can be called as consumption possibility line, boundary, frontier, and schedule. It is a graphical representation of the consumption possibilities and it is usually a straight line with a negative slope. different prices, given that the purchaser has a fixed amount of money to spend.
Possibilities, Preferences, and Choices. 1  The household's budget line. 2  Changes in the budget line caused by changes in price or income. 3  Indifference curves and preferences.  Household 1  choices. Effects of price and income changes on consumption choices.