Match the LIST-I with LIST-II.
List I
A. Marginal rate of Substitutions
B. Budget Line
C. Indifference Curve
D. Price Ratio.
List II
I. Slope of Budget Line
II. Ratio of Marginal Utility
III. Locus of equal utility
IV. Constraints based on income.
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Budget constraint and consumer equilibrium has come up 99 times in 7 exams since 2004.
What this question tests
This question is on Budget set and budget line, part of Budget constraint and consumer equilibrium in Microeconomics.
Which bundles a consumer can afford, the slope of the budget line, and how income and price changes shift it.
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Question from the CUET-PG 2026 paper. Solutions are TestStop's own. Not affiliated with or endorsed by any examination authority.