Match List - I with List - II.
|
List - I |
List – II |
||
|
(A) |
Indifference curve |
(I) |
Shows various combination of two goods that give the same utility to the consumer |
|
(B) |
Production possibility curve |
(II) |
Shows various combination of two goods that can be produced by an economy |
|
(C) |
Budget line |
(III) |
Shows various combination of two goods that can be purchased by the consumer |
|
(D) |
Demand curve |
(IV) |
Shows inverse relationship between price of the given commodity & its quantity demanded |
Choose the correct answer from the options given below :
Answer & explanation
Correct answer: option 2
|
List - I |
List – II |
||
|
(A) |
Indifference curve |
(I) |
Shows various combination of two goods that give the same utility to the consumer |
|
(B) |
Production possibility curve |
(II) |
Shows various combination of two goods that can be produced by an economy |
|
(C) |
Budget line |
(III) |
Shows various combination of two goods that can be purchased by the consumer |
|
(D) |
Demand curve |
(IV) |
Shows inverse relationship between price of the given commodity & its quantity demanded |