Question
Economics Question on Goods and Services
Match List - I with List- II.
List - I | List - 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