Match the List I with List II

Choose the correct answer from the options given below:

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

The correct answer is Option (3) → A-III, B-IV, C-I, D-II

A. Goods which are consumed together - These are Complementary Goods (III). Complementary goods are consumed together because they are used jointly to satisfy a particular want or need.

B. Goods for which demand moves in opposite direction of the income of consumer - These are Inferior Goods (IV). Inferior goods are those for which demand decreases as consumer income increases, and vice versa.

C. Goods for which demand increases with increases in income and decreases with decreases in income - These are Normal Goods (I). Normal goods are those for which demand increases when consumer income increases and decreases when consumer income decreases.

D. Goods which cannot be consumed together - These are Substitute Goods (II). Substitute goods are those that can be used in place of each other, so they are not typically consumed together.