Q472
Match the following: a. Various combinations of two commodities that a consumer can purchase 1. Indifference map b. Various combinations of two commodities that give consumer equal satisfaction 2. Indifference curve c. A set of indifference curves 3. Budget line d. Point of tangency of a budget line and an indifference curve 4. Consumer's equilibrium
Match the following:
| a. Various combinations of two commodities that a consumer can purchase | 1. Indifference map |
| b. Various combinations of two commodities that give consumer equal satisfaction | 2. Indifference curve |
| c. A set of indifference curves | 3. Budget line |
| d. Point of tangency of a budget line and an indifference curve | 4. Consumer's equilibrium |
A.
a-2, b-3, c-4, d-1
B.
a-4, b-3, c-2, d-1
C.
a-1, b-2, c-4, d-3
D.
a-3, b-2, c-1, d-4
AnswerAnswer: Option D
Solution
Answer: Option D
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