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:
Answer & explanation
Correct answer: option 4
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. |