Match List-I with List-II.
| List-I | List-II |
| (A) Tea and Coffee | (I) Complementary goods |
| (B) Car and Fuel | (II) Inferior goods |
| (C) Low grade cereal food | (III) Substitute goods |
| (D) Good quality wheat | (IV) Normal good |
Choose the correct answer from the options given below :
Answer & explanation
Correct answer: option 2
The correct answer is option (2) : (A)-(III), (B)-(I), (C)-(II), (D)-(IV)
| List-I | List-II |
| (A) Tea and Coffee | (III) Substitute goods |
| (B) Car and Fuel | (I) Complementary goods |
| (C) Low grade cereal food | (II) Inferior goods |
| (D) Good quality wheat | (IV) Normal good |
(A) Tea and Coffee are Substitute goods .
(B) Car and Fuel are complementary as you need fuel to operate a car.
C) Low grade cereal food is often considered an inferior good because as income increases, people tend to switch to higher-quality foods.
(D) Good quality wheat is a normal good as demand for it tends to rise with an increase in income.