Match List-I with List-II List-

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Target Exam

CUET

Subject

Economics

Chapter

Micro Economics: Theory of Firms under Perfect Competition

Question:

Match List-I with List-II

List-I	List-II
(A) Excess demand	(I) Supernormal profits
(B) Excess supply	(II) Perfect competition
(C) Entry of new firms in the market	(III) Price tends to fall
(D) Price taker	(IV) Price tends to rise

Choose the correct answer from the options given below:

Options:

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

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

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

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

Correct Answer:

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

Explanation:

The correct answer is Option (1) → (A)-(IV), (B)-(III), (C)-(I), (D)-(II)

List-I	List-II
(A) Excess demand	(IV) Price tends to rise
(B) Excess supply	(III) Price tends to fall
(C) Entry of new firms in the market	(I) Supernormal profits
(D) Price taker	(II) Perfect competition