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) Parallel inward shift in budget line	(I) $M/p_1 > M/{p_1}'$
(B) Parallel outward shift in budget line	(II) $M/p_1 < M/{p_1}'$
(C) Budget line steeper	(III) $M' < M$
(D) Budget line flatter	(IV) $M' > M$

Choose the correct answer from the options given below:

Options:

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

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

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

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

Correct Answer:

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

Explanation:

The correct answer is Option (4) → (A)-(III), (B)-(IV), (C)-(I), (D)-(II)

List-I	List-II
(A) Parallel inward shift in budget line	(III) $M' < M$
(B) Parallel outward shift in budget line	(IV) $M' > M$
(C) Budget line steeper	(I) $M/p_1 > M/{p_1}'$
(D) Budget line flatter	(II) $M/p_1 < M/{p_1}'$