Match List-I with List-II List-

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Target Exam

CUET

Subject

Economics

Chapter

Micro Economics: Market Equilibrium

Question:

Match List-I with List-II

List-I	List-II
(A) Increase in demand > Increase in Supply	(I) Increase in both equilibrium price and quantity.
(B) Increase in demand < Increase in Supply	(II) Decrease in both equilibrium price and quantity.
(C) Increase in demand = Increase in Supply	(III) Decrease in equilibrium price but increase in equilibrium quantity.
(D) Decrease in demand < Decrease in supply	(IV) Increase in equilibrium quantity but no change in equilibrium price.

Choose the correct answer from the options given below:

Options:

(A)-(I), (B)-(II), (C)-(IV), (D)-(III)

(A)-(I), (B)-(III), (C)-(IV), (D)-(II)

(A)-(II), (B)-(I), (C)-(IV), (D)-(III)

(A)-(III), (B)-(I), (C)-(IV), (D)-(II)

Correct Answer:

(A)-(I), (B)-(III), (C)-(IV), (D)-(II)

Explanation:

The correct answer is Option (2) → (A)-(I), (B)-(III), (C)-(IV), (D)-(II)

List-I	List-II
(A) Increase in demand > Increase in Supply	(I) Increase in both equilibrium price and quantity.
(B) Increase in demand < Increase in Supply	(III) Decrease in equilibrium price but increase in equilibrium quantity.
(C) Increase in demand = Increase in Supply	(IV) Increase in equilibrium quantity but no change in equilibrium price.
(D) Decrease in demand < Decrease in supply	(II) Decrease in both equilibrium price and quantity.