Match List-I with List-II
|
List-I |
List-II |
|
(A) Budget line |
(I) $-\frac{p_1}{p_2}$ |
|
(B) Budget constraint |
(II) Bundles available to the consumer |
|
(C) Budget set |
(III) $P_1X_1 + P_2X_2 = M$ |
|
(D) Slope of budget line |
(IV) $P_1X_1 + P_2X_2 ≤ M$ |
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)-(II), (D)-(I)
|
List-I |
List-II |
|
(A) Budget line |
(III) $P_1X_1 + P_2X_2 = M$ |
|
(B) Budget constraint |
(IV) $P_1X_1 + P_2X_2 ≤ M$ |
|
(C) Budget set |
(II) Bundles available to the consumer |
|
(D) Slope of budget line |
(I) $-\frac{p_1}{p_2}$ |