Match List-I with List-II List-

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Target Exam

CUET

Subject

Economics

Chapter

Macro Economics: Government Budget and Economy

Question:

Match List-I with List-II

List-I	List-II
(A) Decrease in consumer's income	(I) Budget line becomes steeper
(B) Increase in price of Good X	(II) Parallel and leftward shift in the budget line
(C) Equal reduction in price of both goods X and Y	(III) Budget line becomes flatter
(D) Increase in price of Good Y	(IV) No change in the slope of the budget line

Choose the correct answer from the options given below:

Options:

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

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

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

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

Correct Answer:

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

Explanation:

The correct answer is Option (3) → (A)-(II), (B)-(I), (C)-(IV), (D)-(III)

List-I	List-II
(A) Decrease in consumer's income	(II) Parallel and leftward shift in the budget line
(B) Increase in price of Good X	(I) Budget line becomes steeper
(C) Equal reduction in price of both goods X and Y	(IV) No change in the slope of the budget line
(D) Increase in price of Good Y	(III) Budget line becomes flatter