Economics · Consumer Behaviour
If the utility function of a consumer is U = X1X2 and the budget constraint is M = P1X1 + P2X2, then at the equilibrium level, the demand function for X1 will be:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
Share:
- 1-M2P1
- 2M2P12
- 3-M2P12
- 4M2P1✓
Correct answer
M2P1
Download Single Question PDF
Save this question and verified answer as a clean study sheet with live clickable link.
👥
Share with Friends & Study Groups
Challenge your peer aspirants on WhatsApp or Telegram to solve this question!
Online Test Series
Preparing for Economics?
Practice full-length Economics mock tests with real exam timers, instant score analysis, and all-India ranking.
Chapter Practice
Practice Consumer Behaviour MCQs →Want more practice questions on Consumer Behaviour?
Solve complete topic-wise tests with detailed solutions on GkGet.
Related Practice Questions
Recommended practice questions in Economics · Consumer Behaviour