Match List-I with List-II List-

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Target Exam

CUET

Subject

Economics

Chapter

Micro Economics: Theory of Consumer behaviour

Question:

Match List-I with List-II

List-I	List-II
(A) Increase in price of goods X	(I) Increase in demand for normal goods.
(B) Increase in income of consumers	(II) Demand is price inelastic
(C) Good X is a necessary good	(III) Unit elasticity of demand.
(D) Demand curve of Good X is a rectangular hyperbola.	(IV) Contraction in demand for good X

Choose the correct answer from the options given below:

Options:

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

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

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

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

Correct Answer:

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

Explanation:

The correct answer is Option (4) → (A)-(IV), (B)-(I), (C)-(II), (D)-(III)

List-I	List-II
(A) Increase in price of goods X	(IV) Contraction in demand for good X
(B) Increase in income of consumers	(I) Increase in demand for normal goods.
(C) Good X is a necessary good	(II) Demand is price inelastic
(D) Demand curve of Good X is a rectangular hyperbola.	(III) Unit elasticity of demand.