Match List-I with List-II List-

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Target Exam

CUET

Subject

Economics

Chapter

Micro Economics: Theory of Consumer behaviour

Question:

Match List-I with List-II

List-I	List-II
(A) Slope of Budget line	(I) $P_1X_1+P_2X_2≤M$
(B) Horizontal intercept of budget line	(II) $M/P_2$
(C) Vertical intercept of budget line	(III) $-\frac{P_1}{P_2}$
(D) Budget constraints	(IV) $M/P_1$

Choose the correct answer from the options given below:

Options:

(A)-(I), (B)-(II), (C)-(III), (D)-(IV)

(A)-(III), (B)-(IV), (C)-(II), (D)-(I)

(A)-(I), (B)-(II), (C)-(IV), (D)-(III)

(A)-(III), (B)-(IV), (C)-(I), (D)-(II)

Correct Answer:

(A)-(III), (B)-(IV), (C)-(II), (D)-(I)

Explanation:

The correct answer is Option (2) → (A)-(III), (B)-(IV), (C)-(II), (D)-(I)

List-I	List-II
(A) Slope of Budget line	(III) $-\frac{P_1}{P_2}$
(B) Horizontal intercept of budget line	(IV) $M/P_1$
(C) Vertical intercept of budget line	(II) $M/P_2$
(D) Budget constraints	(I) $P_1X_1+P_2X_2≤M$