Match List-I with List-II
|
List-I |
List-II |
|
(A) Budget Set |
(I) $-(P_1/P_2)$ |
|
(B) Slope of the budget line |
(II) $M/P_1$ |
|
(C) Horizontal intercept of the budget line |
(III) $P_1 X_1+ P_2 X_2 ≤ M$ |
|
(D) Vertical intercept of the budget line |
(IV) $M/P_2$ |
Choose the correct answer from the options given below:
Answer & explanation
Correct answer: option 2
The correct answer is Option (2) → (A)-(III), (B)-(I), (C)-(II), (D)-(IV)
|
List-I |
List-II |
|
(A) Budget Set |
(III) $P_1 X_1+ P_2 X_2 ≤ M$ |
|
(B) Slope of the budget line |
(I) $-(P_1/P_2)$ |
|
(C) Horizontal intercept of the budget line |
(II) $M/P_1$ |
|
(D) Vertical intercept of the budget line |
(IV) $M/P_2$ |