Match List-I with List-II

List-I	List-II
(A) Perfect Competition	(I) No change in equilibrium price
(B) Increase in Demand= Decrease in Supply	(II) Price taking Behavior
(C) Increase in Demand > Decrease in Supply	(III) Decrease in equilibrium price
(D) Increase in Supply > Decrease in Demand	(IV) Increase in equilibrium price

Choose the correct answer from the options given below:

Option 1 -> (A)-(II): Perfect competition involves price-taking behavior; (B)-(I): Equal shifts offset quantity effects keeping price stable; (C)-(IV): Net increase in demand dominates, raising price; (D)-(III): Net increase in supply dominates, lowering price.

Option 2 -> Incorrectly matches perfect competition with no price change and demand-supply scenarios with inappropriate outcomes.

Option 3 -> Incorrectly matches perfect competition with no price change instead of price-taking behavior.

Option 4 -> Completely mismatches all relationships between market structures and equilibrium outcomes.

Hence, Option 1: (A) - (II), (B) - (I), (C) - (IV), (D) - (III) -> (A) Perfect Competition is characterized by firms being price takers who cannot influence market price individually. (B) When increase in demand equals decrease in supply, the opposing quantity effects offset each other, potentially keeping equilibrium price unchanged. (C) When demand increase exceeds supply decrease, the net effect is an increase in equilibrium price. (D) When supply increase exceeds demand decrease, the net effect is a decrease in equilibrium price due to excess supply pressure. -> correct