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) 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:

Options:

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

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

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

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

Correct Answer:

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

Explanation:

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) $-\frac{p_1}{p_2}$