Given the prices of goods and income of the consumers, the consumer can buy any bundle (X_1, X_2) such that P_1X_1 + P_2X_2 ≤ M. This inequality in the above equation is called__________. Option 1: Consumer's Indifference Curve Option 2: Consumer's Budget Constraint Option 3: Consumer's Budget Line Option 4: Consumer's Total Budget

The answer is 'Consumer's Budget Constraint'. View full solution:

CUET Economics - Given the prices of goods and income of the consumers, the consumer can buy any bundle (X_1, X_2) such that P_1X_1 + P_2X_2 ≤ M. This inequality in the above equation is called__________. | PYQs + Solutions

CUET Economics 2026 21st May Shift 2

Micro

Easy

Consumer's Indifference Curve

Consumer's Budget Constraint

Consumer's Budget Line

Consumer's Total Budget

✅ Correct Option: 2