Which of the following inequality represents the consumer's budget constraint ? Option 1: p_1x_1 + p_2x_2 = M Option 2: p_1x_1 + p_2x_2 M

The answer is 'p_1x_1 + p_2x_2 ≤ M'. View full solution:

CUET Economics - Which of the following inequality represents the consumer's budget constraint ? | PYQs + Solutions

CUET Economics

Micro

Easy

$p_1x_1 + p_2x_2 = M$

$p_1x_1 + p_2x_2 < M$

$p_1x_1 + p_2x_2 \leq M$

$p_1x_1 + p_2x_2 > M$

✅ Correct Option: 3

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