Match List - I with List - II. | List - I | List - II | |---|---| | (A) Fall in price of good | (I) Tea and coffee | | (B) Complementary goods | (II) Expansion of demand | | (C) Substitute good | (III) Shifting of demand curve | | (D) Rise in income | (IV) Shoes and socks | Choose the correct answer from the options given below :

Question

Option 1: (A) - (II), (B) - (III), (C) - (IV), (D) - (I)

Option 2: (A) - (II), (B) - (IV), (C) - (I), (D) - (III)

Option 3: (A) - (III), (B) - (I), (C) - (II), (D) - (IV)

Option 4: (A) - (I), (B) - (II), (C) - (IV), (D) - (III)

AfterBoards · Accepted Answer

The answer is '(A) - (II), (B) - (IV), (C) - (I), (D) - (III)'. View full solution:

List-I	List-II
(A) Cardinal utility	(I) Ranking consumption bundles.
(B) Perfect substitute goods	(II) Level of utility can be expressed in numbers.
(C) Ordinal Utility	(III) The marginal Rate of Substitution is 1.
(D) Complimentary goods	(IV) An increase in the price of one good does not lead to an increase in demand for another good.

CUET Economics PYQs

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