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:
Answer & explanation
Correct answer: option 2
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) $P_1X_1+P_2X_2≤M$ |