Which line consists of all bundles that cost exactly equal to consumer income? Option 1: Production possibility curve Option 2: Isocost line Option 3: Budget line Option 4: Isoquant line

The answer is 'Budget line'. View full solution:

CUET Economics - Which line consists of all bundles that cost exactly equal to consumer income? | PYQs + Solutions

CUET Economics 2026 6th June Shift 1

Micro

Easy

Production possibility curve

Isocost line

Budget line

Isoquant line

✅ Correct Option: 3

Related questions:

CUET Economics 2022 Slot 3

Find the value of price elasticity of demand of a good whose demand decreases by 20% for an increase in its price of 10%.

29 May Shift 2

"Increase in price of good 'x' leads to increase in demand of good 'Y'. " How the goods are related to.

2 June Shift 1

Match List-I with List-II

List-I	List-II
(A) Consumer's equilibrium	(I) ΔY/ ΔX
(B) Slope of IC	(II) Budget line rotates to the right starting from the Y axis
(C) Px falls	(III) Consumer should move downwards to the right along the IC
(D) MRSxy > Px/Py	(IV) Optimum choice of the consumer

Choose the correct answer from the options given below: