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Question

Economics Question on Goods and Services

Match List - I with List- II.

List - IList - II
(A) Normal goods(I) These goods are consumed together
(B) Inferior goods(II) Demand for the good decreases as income of the consumer increases
(C) Substitute goods(III) These goods are used in place of each other
(D) Complementary goods(IV) Demand for the good increases as income of consumer increases

Choose the correct answer from the options given below:

A

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

B

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

C

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

D

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

Answer

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

Explanation

Solution

The correct option is (C): A-IV, B-II, C-III, D-I