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Commerce · Q938

Economics

Graduate and Post Graduate · Commerce · question 938

Q938

Match the following. List-I List-II a. Cross demand is the change in the quantity demanded of a given commodity in response to the 1. Relationship between the price of a commodity and the quantity demanded b. The elasticity of demand for product will be higher 2. Change in the price of another commodity c. The law of demand indicates 3. When price falls demand rises d. The law of demand states 4. The more available are substitutes for that product

Match the following.
List-I List-II
a. Cross demand is the change in the quantity demanded of a given commodity in response to the 1. Relationship between the price of a commodity and the quantity demanded
b. The elasticity of demand for product will be higher 2. Change in the price of another commodity
c. The law of demand indicates 3. When price falls demand rises
d. The law of demand states 4. The more available are substitutes for that product
A.
a-2, b-4, c-1, d-3
Answer
B.
a-1, b-2, c-3, d-4
C.
a-4, b-1, c-3, d-2
D.
a-3, b-2, c-1, d-4

Answer: Option A

Solution

Answer: Option A
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