Option 2: (A) - (III), (B) - (IV), (C) - (II), (D) - (I) -> For a budget line P₁X₁ + P₂X₂ = M: (A) The slope represents the rate at which one good can be substituted for another, which is -P₁/P₂ (negative of price ratio). (B) Horizontal intercept occurs when X₂ = 0, giving X₁ = M/P₁ (maximum units of good 1 affordable). (C) Vertical intercept occurs when X₁ = 0, giving X₂ = M/P₂ (maximum units of good 2 affordable). (D) Budget constraint is the inequality P₁X₁ + P₂X₂ ≤ M, showing the consumer cannot exceed their budget M. -> correct
Match List-I with List-II | List-I | List-II | |---|---| | (A) Slope of Budget line | (I) P_1X_1 + P_2X_2 ≤ M | | (B) Horizontal intercept of budget…
CUET UG 2025 — Economics Micro
2025mcqmedium
Match List-I with List-II
| List-I | List-II |
|---|---|
| (A) Slope of Budget line | (I) P1X1+P2X2≤M |
| (B) Horizontal intercept of budget line | (II) M/P2 |
| (C) Vertical intercept of budget line | (III) −P2P1 |
| (D) Budget constraints | (IV) M/P1 |
Choose the correct answer from the options given below:
Official previous-year question
Held on 28 May 2025 · Verified 13 Jul 2026.
Options
- A
(A) - (I), (B) - (II), (C) - (III), (D) - (IV)
- B
(A) - (III), (B) - (IV), (C) - (II), (D) - (I)
- C
(A) - (I), (B) - (II), (C) - (IV), (D) - (III)
- D
(A) - (III), (B) - (IV), (C) - (I), (D) - (II)
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