Match List - I with List - II.

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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)	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 :

Options:

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

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

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

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

Correct Answer:

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

Explanation:

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