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) Substitution effect stronger than the income effect	(I) Inferior goods
(B) Income effect stronger than the substitution effect	(II) Complementary goods
(C) Demands and income move opposite direction	(III) Normal goods
(D) Goods consumed together	(IV) Giffen goods

Options:

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

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

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

(A)-(I), (B)-(II), (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) Substitution effect stronger than the income effect	(III) Normal goods
(B) Income effect stronger than the substitution effect	(IV) Giffen goods
(C) Demands and income move opposite direction	(I) Inferior goods
(D) Goods consumed together	(II) Complementary goods