Match List-I with List-II List-

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Target Exam

CUET

Subject

Economics

Chapter

Micro Economics: Theory of Firms under Perfect Competition

Question:

Match List-I with List-II

List-I	List-II
(A) Demand and supply curve shift leftward	(I) Quantity may increase, decrease or remain unchanged and price decreases
(B) Demand and supply curve shift rightward	(II) Quantity may increase, decrease or remain unchanged and price increases
(C) Demand curve shifts leftward and supply curve rightward	(III) Quantity decreases and price may increase, decrease or remain unchanged
(D) Demand curve shifts rightward and supply curve leftward	(IV) Quantity increases and prices may increase, decrease or remain unchanged

Choose the correct answer from the options given below:

Options:

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

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

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

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

Correct Answer:

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

Explanation:

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

List-I	List-II
(A) Demand and supply curve shift leftward	(III) Quantity decreases and price may increase, decrease or remain unchanged
(B) Demand and supply curve shift rightward	(IV) Quantity increases and prices may increase, decrease or remain unchanged
(C) Demand curve shifts leftward and supply curve rightward	(I) Quantity may increase, decrease or remain unchanged and price decreases
(D) Demand curve shifts rightward and supply curve leftward	(II) Quantity may increase, decrease or remain unchanged and price increases