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Commerce · Q1395

Economics

Graduate and Post Graduate · Commerce · question 1395

Q1395

Match the items of List-I with those of List-II List-I List-II a. Substitute goods 1. Negative cross elasticity b. Complementary goods 2. Low price elasticity c. Giffen goods 3. Positive cross elasticity d. High-income group 4. Positive price elasticity

Match the items of List-I with those of List-II
List-I List-II
a. Substitute goods 1. Negative cross elasticity
b. Complementary goods 2. Low price elasticity
c. Giffen goods 3. Positive cross elasticity
d. High-income group 4. Positive price elasticity
A.
a-3, b-4, c-2, d-1
B.
a-3, b-1, c-4, d-2
Answer
C.
a-2, b-3, c-1, d-4
D.
a-1, b-2, c-3, d-4

Answer: Option B

Solution

Answer: Option B
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