Match the following A - B, Budget - MRS, Price ratio - P1X1 + P2X2 =M

Question

Match the following

A	B
Budget line	MRS
Price ratio	P1X1+P2X2 = M
Demand function	P1/p2
Slope of IC	\(\frac{\triangle Q}{\triangle P}\)\(\times \frac{P}{Q}\)
Price elasticity of demand	Q = f(P)
Budget constraint	MRSxv = p1/p2
Consumer's equilibrium	P1X1 + P2X2 = M

Answer 1

A	B
Budget line	MRS
Price ratio	P1X1+P2X2 = M
Demand function	P1/p2
Slope of IC	\(\frac{\triangle Q}{\triangle P}\)\(\times \frac{P}{Q}\)
Price elasticity of demand	Q = f(P)
Budget constraint	MRSxv = p1/p2
Consumer's equilibrium	P1X1 + P2X2 = M