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:
Answer & explanation
Correct answer: option 4
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) $M/p_1 < M/{p_1}'$ |